CBSE Class 12 Accountancy Accounting For Partnership Firms Online Test Set A

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Question 1

Question

Under capitalization method of goodwill valuation, which of the following formulas is used to calculate the value of whole business?

	Answer
	Value of whole business= Total assets / Reasonable rate of return X 100
	Value of whole business= Equity-Net assets
	Value of whole business=Profit / Reasonable rate of return X 100
	None of the options