[CBSE] Q. 11 Solution of Goodwill TS Grewal Class 12 (2023-24)

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Are you looking for the solution to Question number 11 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?

Question – 11

Profits of a firm for the year ended 31st March for the last five years were:

Year EndedProfits (₹)
31st March, 201920,000
31st March 202024,000
31st March 202130,000
31st March 202225,000
31st March, 202318,000

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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