Question No 23 of TS Grewal (CBSE)

Average Profit earned by a firm is Rs. 7,50,000 which includes overvaluation of stock of Rs. 30,000 on an average basis. The capital invested in the business is Rs. 42,00,000 and the normal rate of return is 15%. Calculate goodwill of the firm on the basis of 3 times the super profit.

Solution No 23 of TS Grewal (CBSE)

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