Chapter: Reconstitution of Partnership (Admission of Partner)· Book-Keeping & Accountancy

Write a word / term / phrase which can substitute the statement: Capital employed \( \times \dfrac{\text{NRR}}{100} = \) _____.

Q.1 (B) (iii) Write a word / term / phrase which can substitute the statement: Capital employed \( \times \dfrac{\text{NRR}}{100} = \) _____.

Doubtly Asked 29 Oct 2026 Board exam · July 2025 hsc 12th Save WhatsApp Report

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Answer: Normal profit

Normal profit is the profit a business is expected to earn at the normal rate of return (NRR) on the capital employed. It is used for finding super profit (Actual average profit – Normal profit) when goodwill is valued by the super profit method.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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Write a word / term / phrase which can substitute the statement: Capital employed \( \times \dfrac{\text{NRR}}{100} = \) _____.

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