AdminHelpdice Team30 May, 2024The excess of Average profit over normal profit is calledSelect Option & Check AnswerSuper profitNormal profitFixed profitAbnormal profitCheck AnswerIncorrect. ❌Related MCQ's A bundle of rights given by law to the creators of literary, artistic, dramatic, musical work is known as...23 hour agoA unique name of symbol or design given to a product or service for easy identification and distinguishing it from ...23 hour agoThe following statement stands true when intangible assets are compared to the current assets...23 hour agoAn asset which does not have a physical form but has the potential to have a monetary value is known as an --------...23 hour agoAt the time of admission of a new partners general reserve appearning in the old Balance Sheet is transferred to:...23 hour agoWhen there is no Goodwill Account in the books and goodwill is raised,................account will be debited...23 hour agoGoodwill is to be calculated at one and half year’ purchase of average profit of last 5 years. The firm earned prof...23 hour agoGoodwill is nothing more than probability that the old customer will resort to the old place. This definition of go...23 hour agoWhen there is a change in the current partners’ association that results in ending the existing agreement and initi...23 hour agoA firm earns ₹1,00,000. The normal rate of return is 10%. The assets of the company amounted to ₹11,00,000 and liab...23 hour ago
