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Capitalised profit is Rs 10,00,000 and net assets Rs 8,20,000. What is goodwill?
ARs 10,00,000
BRs 18,000
CRs 1,80,000
DRs 8,20,000
Answer & Solution
Correct answer: C. Rs 1,80,000
Capitalised average profit is 10,00,000, and deducting the net assets of 8,20,000 leaves goodwill of 1,80,000.
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