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

Are you looking for the solution to Question number 12 page of the Goodwill chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?

Question – 12

Raman and Daman are partners sharing profits in the ratio of 60 : 40 and for the last four years they have been getting annual salaries of ₹ 50,000 and ₹ 40,000 respectively. The annual accounts have shown the following net profit before charging partner’s salaries:

Year ended 31st March, 2021 – ₹ 1,40,000; 2022 – ₹ 1,01,000 and 2023 – ₹ 1,30,000.

On 1st April 2023, Zeenu is admitted to the partnership for 1/4th share in profit (without any salary). The Goodwill is to be valued at four years’ purchase of weighted average profit of the last three years (after partner’s salaries); Profits are to be weighted as 1, 2, and 3, the greatest weight being given to the last year. Calculate the value of Goodwill.

[Ans.: Goodwill – ₹ 1,28,000.]

Solution:-

The link to All unsolved questions has been given below.

##### Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 3928
close