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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

The average rate of return of similar concerns is considered as __________. - Accountancy

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Question

The average rate of return of similar concerns is considered as __________.

Options

  • Average profit

  • Normal rate of return

  • Expected rate of return

  • None of these

MCQ
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Solution

The average rate of return of similar concerns is considered as Normal rate of return.

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Chapter 4: Goodwill in partnership accounts - Multiple choice questions [Page 132]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 4 Goodwill in partnership accounts
Multiple choice questions | Q I 3. | Page 132
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