The excess of Average profit over normal profit is called Sol:

Related MCQs

• In not-for-profit organisation, excess of expenditure over income is called : Sol:
• If Average Profit of a certain firm for last five years is Rs5,00,000 , Normal profit is Rs 3,50,000/-. What would be the Value of Goodwill at 3years purchase of super profit
• A firm earns ₹1,00,000. The normal rate of return is 10%. The assets of the company amounted to ₹11,00,000 and liabilities to ₹1,00,000. Value of goodwill by the capitalization of average actual profit will be Sol:
• The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called Sol:
• The excess of assets over liabilities in non-trading concerns is termed as: Sol:
• Shortworking is Excess of Minimum Rent over Actual Production Sol:
• In non – profit organizations excess of assets over liabilities is called
• In not-for-profit organisations, excess of expenditure over income is called—
• A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13
• The profits of the last three years is55000,50000,45000. Value of goodwill of 2 years purchase of average profit is Sol: