[CBSE] Q. 9 Solution of Goodwill TS Grewal Class 12 (2024-25)
Solution to Question number 9 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2024-25 Edition.
Profits of a firm for the year ended 31st March for the last five years were:
| Year Ended | Profits (₹) |
| 31st March, 2020 | 20,000 |
| 31st March 2021 | 24,000 |
| 31st March 2022 | 30,000 |
| 31st March 2023 | 25,000 |
| 31st March, 2024 | 18,000 |
Calculate the value of goodwill on the basis of three years’ purchase of weighted average profit after assigning weights 1, 2, 3, 4 and 5 respectively to the profits for years ended 31st March 2020, 2021, 2022, 2023 and 2024.
[Ans.: Goodwill – ₹ 69,600.]
Solution:-
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