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On April 1st, firm had an asset of 5,00,000 including cash of 20000, the firm had a reserve of 90000, partners capital a/c showed a bal. of 3,80000 and creditors amounted to 30000. If the normal rate is 20% and good of the firm is valued @ 64000 at 4 year's purchase of super profit, find the average profits of the firm.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about On April 1st, firm had an asset of 5,00,000 including cash of 20000, the firm had a reserve of 90000, partners capital a/c showed a bal. of 3,80000 and creditors amounted to 30000. If the normal rate is 20% and good of the firm is valued @ 64000 at 4 year's purchase of super profit, find the average profits of the firm.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On April 1st, firm had an asset of 5,00,000 including cash of 20000, the firm had a reserve of 90000, partners capital a/c showed a bal. of 3,80000 and creditors amounted to 30000. If the normal rate is 20% and good of the firm is valued @ 64000 at 4 year's purchase of super profit, find the average profits of the firm.?.

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