Solution to Question number 18 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Average net profit expected in future by Zee & Co. is ₹ 36,0000 per year. Capital employed in the business by the firm…
Solution to Question number 17 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. A partnership firm earned net profits during the last three years ended 31st March, as follows: 2022 – ₹ 17,000; 2023 – ₹…
Solution to Question number 16 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Rakesh and Ashok earned a profit of ₹ 5,000. They employed capital of ₹ 25,000 in the firm. It is expected that the…
Solution to Question number 15 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Apoorva and Muskaan had a firm in which they had invested ₹ 50,000. On an average, the profits were ₹ 16,000. The normal…
Solution to Question number 14 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Calculate the goodwill of a firm on the basis of three year’s purchase of the weighted average profit of the last four financial…
Solution to Question number 13 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Dinesh and Mahesh are partners sharing profits and losses in the ratio of 3 : 2. They admit Ramesh into partnership for 1/4th…
Solution to Question number 12 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Raman and Daman are partners sharing profits in the ratio of 60 : 40 and for the last four years they have been…
Solution to Question number 11 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Amitabh and Bachan are partners sharing profits and losses in the ratio of 5 : 3. On 1st April, 2024, Chaman is admitted…
Solution to Question number 10 of the Goodwill chapter 2 TS Grewal Book ISC 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…
Solution to Question number 9 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Sonu and Sumit are partners sharing profits and losses in the ratio 3 : 2. They admit Sahil as a partner for 1/5th…
Solution to Question number 8 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Parul and Rahul are partners in a firm. They admit Param into partnership for equal share. It was agreed that goodwill will be…
Solution to Question number 7 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Sumit purchased Amit’s business on 1st April, 2024. Goodwill was decided to be valued at two year’s purchase of average normal profit of…
Solution to Question number 6 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Naman and Amar are partners sharing profits in the ratio of 3 : 2. They decided to admit Raman as a partner from…
Solution to Question number 5 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Abhay, Babu and Charu are partners sharing profits and losses equally. They agree to admit Daman for equal share of profit. For this…
Solution to Question number 4 of the Goodwill chapter 2 TS Grewal Book ISC Board 2024-25 Edition. Divya purchased Jyoti’s business on 1st April, 2024. Profits shown by Jyoti’s business for the last three financial years were: 2021 – 22…
