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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Which of the following is true? - Accountancy

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Question

Which of the following is true?

Options

  • Super profit = `"Total profit"/"Number of years"`

  • Super profit = `"Weighted profit"/"Number of years"`

  • Super profit = Average profit – Normal profit

  • Super profit = Average profit × Years of purchase

MCQ
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Solution

Super profit = Average profit – Normal profit

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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 4. | Page 132
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