Question

Hint. Sundry Assets will be ignored.
Q. 15. On 1st April, 2014, a firm had assets of 1,00,000 excluding stock of
120,000. Partners' Capital Accounts showed a balance of 60,000. The current
liabilities were 10,000 and the balance constituted the reserve. If the normal rate of
return is 8%, the Goodwill' of the firm is valued at 60,000 at four years purchase of
super profit, find the average profit of the firm.
(C.B.S.E. 2015, Comptt.)
(Ans. Average Profit *23,800.]
Hint : Capital Employed Total Assets - Current Liabilities
1,20,000 - 10,000 = 1,10,000​

Answer 1

Answer:

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Explanation:

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