1. The profit of the last three years are ₹ 42,000, ₹ 39,000 and ₹ 45,000. Value of goodwill at two years purchases of the average profits will be :

2. Under average profit basis goodwill is calculated by :

3. Goodwill is:

4. An asset which is not ficitious but intangible in nature, having realisable value is :

5. Which of the following is not a method of valuation of Goodwill:

6. The excess of average profits over the normal profits are called :

7. Goodwill is a…………….asset

8. Under super profit basis goodwill is calculated by :

9. Profits of the last three years were ₹ 6,000, ₹ 13,000 and ₹ 8,000 respectively. Goodwill at two years purchase of the average net profit will be :

10. What do you mean by Super Profit ?