Question No 35 of TS Grewal (CBSE)

Rajan and Rajani are partners in a firm. Their capitals were Rajan Rs. 3,00,000; Rajani Rs. 2,00,000. During the year ended 31st March, the firm earned a profit of Rs. 1,50,000. Calculate the value of goodwill of the firm by capitalization of super profit assuming that normal rate of return is 20%.

Solution No 35 of TS Grewal (CBSE)

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