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Accountancy > Accounting for Partnership Firms > Goodwill Nature And Valuation
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Question 1
Total assets of a firm are ₹ 16,00,000 and its total liabilities are ₹ 4,00,000. The normal rate of return in this type of business is 10% and the firm earned a profit of ₹ 1,50,000 during the year. The value of goodwill by capitalisation of super profit will be:
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