If Average Profit of a certain firm for last five years is Rs5,00,000 , Normal profit is Rs 3,50,000/-. What would be the Value of Goodwill at 3years purchase of super profit
A) Rs 8,00,000
B) Rs 6,00,000
C) Rs 4,50,000
D) all
Correct Answer:
Verified
Q1: From the profits of previous three years,
Q2: From the profits of previous three years,
Q4: Goodwill is defined as
A)Intangible asset
B)Fictitious asset
C)Current asset
D)Current
Q5: Weighted average method of calculating goodwill is
Q6: The total capital employed in the company
Q7: A firm earns ?1,00,000. The normal rate
Q8: If the amount of super profit is
Q9: Which goodwill is recorded in the books
Q10: When does need valuation of Goodwill
A)On retirement
Q11: Which methods of valuation of Goodwill
A)Super Profit
B)Capitalization
C)Average
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