[CBSE] Q. 29 Solution of Goodwill TS Grewal Class 12 (2023-24)
Solution to Question number 29 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition.
A business has earned an average profit of ₹ 4,00,000 during the last few years and the normal rate of return in a similar business is 10%. Find the value of goodwill by:
(i) Capitalisation of Super Profit Method, and
(ii) Super Profit Method if the goodwill is valued at 3 years’ purchase of super profits.
Assets of the business were ₹ 40,00,000 and its external liabilities ₹ 7,20,000.]
[Ans.: (i) Goodwill – ₹ 7,20,000; (ii) Goodwill – ₹ 2,16,000.]
Solution:-
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