[CBSE] Q. 1 Solution of Goodwill TS Grewal Class 12 (2024-25)

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Solution to Question number 1 page of the Goodwill chapter 2 TS Grewal Book CBSE Board 2024-25 Edition.

Goodwill is to be valued at three years’ purchase of four years’ average profit. Profits of the firm for the last four years ending 31st March were:

2021 – ₹ 12,000, 2022 – ₹ 18,000; 2023 – ₹ 16,000; 2024 – ₹ 14,000.

Calculate the amount of Goodwill

[Ans: Goodwill – ₹ 45,000]

Solution:-

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