[CBSE] Q. 2 Solution of Goodwill TS Grewal Class 12 (2023-24)
Solution to Question number 2 page of the Goodwill chapter 2 TS Grewal Book CBSE Board 2023-24 Edition.
Profits for the five years ending 31st March are as follows:
Year 2019 – ₹ 4,00,000; Year 2020 – ₹ 3,98,000; Year 2021 – ₹ 4,50,000; Year 2022 – ₹ 4,45,000 and Year 2023 – ₹ 5,00,000.
Calculate the goodwill of the firm on the basis of 4 Years’ purchase of 5 years’ average profit.
Ans: Goodwill – ₹ 17,54,400.]
Solution:-
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