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Fundamentals of Accounting

Shared from Partnership Accounts on Dec 26, 2017 12:49 AM

It is given that total assets, including investment of Rs. 100000, are Rs. 500000 and current liabilities are Rs. 100000. 25% p.a. on net capital employed is considered as a fair return. Actual profit is of Rs. 170000. Find goodwill by 2 years purchase of super profit method.

 
Rs. 90000
Rs. 190000
Rs. 40000
Rs. 180000

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How did you arrive at the figure Rs. 1,70,000 for the calculation of super profit?