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Commerce · Q2058

Accounting

Graduate and Post Graduate · Commerce · question 2058

Q2058

Average profit Rs. 20,000, normal profit Rs. 5,000, calculate goodwill on the basis of 3 year purchase of super profit

A.
Rs. 40,000
B.
Rs. 60,000
C.
Rs. 50,000
D.
Rs. 45,000
Answer

Answer: Option D

Solution

Answer: Option D
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