[CBSE] Q. 18 Solution of Goodwill TS Grewal Class 12 (2024-25)
Solution to Question number 18 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2024-25 Edition
On 1st April 2024, an existing firm had assets of ₹ 75,000 including cash of ₹ 5,000. Its creditors amounted to ₹ 5,000 on that date. The firm had a Reserve of ₹ 10,000 while Partner’s Capital Accounts showed a balance of ₹ 60,000. If the Normal Rate of Return is 20% and the goodwill of the firm is valued at ₹ 24,000 at four years’ purchase of super profit, find the average profit per year of the existing firm.
[Ans.: Capital Employed – ₹ 70,000; Normal Profit – ₹ 14,000; Super Profit – ₹ 6,000; Average Profit = Normal Profit + Super Profit = ₹ 20,000.]
Solution:-
The link to All unsolved questions has been given below.
| S.N | Questions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Questions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Questions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
| 28 | Question – 28 |
| 29 | Question – 29 |
| 30 | Question – 30 |
| S.N | Questions |
| 31 | Question – 31 |
| 32 | Question – 32 |
| 33 | Question – 33 |
| 34 | Question – 34 |
| 35 | Question – 35 |
| 36 | Question – 36 |
| 37 | Question – 37 |
