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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

What is a normal rate of return? - Accountancy

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Question

What is a normal rate of return?

One Line Answer

Solution

It is the rate at which profit is earned by similar business entities in the industry under normal circumstances.

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Nature of Goodwill
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Chapter 4: Goodwill in partnership accounts - Very short answer questions [Page 133]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 4 Goodwill in partnership accounts
Very short answer questions | Q II 4. | Page 133
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