[CBSE] Q. 13 Solution of Goodwill TS Grewal Class 12 (2023-24)

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Solution to Question number 13 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition.

The Capital of the firm of Anuj and Benu is ₹ 10,00,000 and the market rate of interest is 15%. The annual salary of the partners is ₹ 60,000 each. The profit for the last three years were ₹ 3,00,000; ₹ 3,60,000 and ₹ 4,20,000. The goodwill of the firm is to be valued on the basis of two years’ purchase of the last three years’ average super profit. Calculate the goodwill of the firm.

[Ans.: Goodwill – ₹ 1,80,000.]

Solution:-

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