Question

what is goodwill? what is super profit?​

Answer 1

Answer:

Goodwill = Super Profit x No. of years' of purchase. # Super Profit = Actual or Average profit – Normal Profit. # Normal Profit = Capital Employed x (Normal Rate of Return/100)

Explanation:

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Answer 2

Explanation:

Goodwill = Super Profit x No. of years' of purchase. # Super Profit = Actual or Average profit – Normal Profit. # Normal Profit = Capital Employed x (Normal Rate of Return/100)

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