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If average profits of a firm are ₹ 74,000, normal rate of return is 10%, goodwill is valued at ₹ 1,20,000, capital employed will be ______.

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Question

If average profits of a firm are ₹ 74,000, normal rate of return is 10%, goodwill is valued at ₹ 1,20,000, capital employed will be ______.

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Solution

If average profits of a firm are ₹ 74,000, normal rate of return is 10%, goodwill is valued at ₹ 1,20,000, capital employed will be ₹ 6,20,000.

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Chapter 2: Change in Profit Sharing Ratio among the Existing Partners - OBJECTIVE TYPE QUESTIONS [Page 2.99]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 2 Change in Profit Sharing Ratio among the Existing Partners
OBJECTIVE TYPE QUESTIONS | Q (C) 24. | Page 2.99
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