Question
Accountancy Question on Assets & Liabilities
Calculate the Normal Rate of Return if normal profit is ₹30,000, Assets 5,30,000 and liabilities ₹30,000, while calculating the value of goodwill of the firm at the time of admission of a partner. 1. 5.6% 2.6% 3.5.3% 4.5%
A
5.6%
B
6%
C
5.3%
D
5%
Answer
6%
Explanation
Solution
The correct option is (B): 6%