[CBSE] Q. 17 Solution of Goodwill TS Grewal Class 12 (2023-24)
Solution to Question number 17 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?
Average net profit expected in the future by XYZ firm is ₹ 36,000 per year. The average capital employed in the business by the firm is ₹ 2,00,000. The normal rate of return from capital invested in this class of business is 10%. The remuneration of the partners is estimated to be ₹ 6,000 p.a. Calculate the value of goodwill on the basis of two years’ purchase of super profit.
[Ans.: Goodwill – ₹ 20,000.]
Solution:-
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