Gupta and Bose had a firm in which they had invested Rs 50, 000 On a average, the profits were Rs 16,000 The normal rate in the industry is 15 Goodwill is to be valued at four years purchase of profits in excess of profits 15 on the money invested Find the value of the goodwill Gupta and Bose had ...

Step 1 Calculation of Normal Profit Normal ProfitCapital employed Normal ...

Gupta and Bose had a firm in which they had invested Rs. 50, 000. On a...

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078025778

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Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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