Average profit of a firm is Rs. 10,000. Firm's capital is Rs. 70,000 and normal return of this business is expected at 10%. By capitalisation method, Goodwill be
A. Rs. 30,000
B. Rs. 60,000
C. Rs. 1,00,000
D. Rs. 1,70,000
Answer: Option A
This Question Belongs to Commerce >> Accounting
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