[CBSE] Q. 15 Solution of Goodwill TS Grewal Class 12 (2024-25)

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Solution to Question number 15 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2024-25 Edition.

A business earned an average profit of ₹ 8,00,000 during the last few years. The normal rate of profits in a similar type of business is 10%. The total value of assets and liabilities of the business were ₹ 22,00,000 and ₹ 5,60,000 respectively. Calculate the value of goodwill of the firm by the super profit method. If it is valued at 2.5 years’ purchase of super profit.

[Ans.: Net Assets = ₹ 22,00,000 – ₹ 5,60,000 = ₹ 16,40,000; Normal Profit – ₹ 1,64,000; Super Profit – ₹ 6,36,000; Goodwill – ₹ 15,90,000.]

Solution:-

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Anurag Pathak

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