Accountancy, asked by Noni1196, 10 months ago

Capital is 3 lac rate of return is 10%average profit is 41000(aftrr an abnormal loss of 2000).calculate goodwill at 5 times the superprofit

Answers

Answered by jainbhavya10

11

Answer:

Normal profit =300000*10%=30000

Average profit =41000+2000=43000(abnormal loss will be add)

super profit =Average profit -normal profit

=43000-30000

= 13000

Goodwill = super profit * 5

=13000*5

=65000

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