Average profit of a firm is Rs. 40,000, Its total assets amounted to Rs. 4,00,000 and its liabilities to Rs. 1,00,000. If return is similar of same firm is 10% on capital employed, what will be the value of goodwill of this firm:
A. Rs. 2,00,000
B. Rs. 4,00,000
C. Rs. 1,00,000
D. Rs. 3,00,000
Answer: Option C
This Question Belongs to Commerce >> Accounting
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