Maharashtra State BoardHSC Commerce 12th Board Exam
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Excess of Average Profit Over Normal Profit. - Book Keeping and Accountancy

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Excess of Average Profit over Normal Profit.
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Solution

Super Profit

Explanation:

The excess of average profit over normal profit is termed as super profit.
So, Average Profit – Normal Profit = Super Profit

Concept: Retirement Or Death of a Partner - Treatment of Goodwill
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