[CBSE] Q. 18 Solution of Goodwill TS Grewal Class 12 (2023-24)

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Are you looking for the solution to Question number 18 page of the Goodwill chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?

Question – 18

A partnership firm earned net profits during the last three years ended 31st March, as follows:

2021 – ₹ 17,000; 2022 – ₹ 20,000; 2023 – ₹ 23,000.

Capital investment in the firm throughout the above-mentioned period has been ₹ 80,000. Having regard to the risk involved, 15% is considered to be a fair return on the capital. Calculate the value of goodwill on the basis of two years’ purchase of average super profit earned during the above-mentioned three years.

[Goodwill – ₹ 16,000.]

Solution:-

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