[CBSE] Q. 11 Solution of Goodwill TS Grewal Class 12 (2023-24)
Solution to Question number 11 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?
Profits of a firm for the year ended 31st March for the last five years were:
| Year Ended | Profits (₹) |
| 31st March, 2019 | 20,000 |
| 31st March 2020 | 24,000 |
| 31st March 2021 | 30,000 |
| 31st March 2022 | 25,000 |
| 31st March, 2023 | 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 2019, 2020, 2021, 2022 and 2023.
[Ans.: Goodwill – ₹ 69,600.]
Solution:-
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