[CBSE] Q. 22 Solution of Goodwill TS Grewal Class 12 (2023-24)
Solution to Question number 22 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?
Average profit earned by a firm is ₹ 7,50,000 which includes overvaluation of stock of ₹ 30,000 on an average basis. The capital invested in the business is ₹ 42,00,000 and the normal rate of return is 15%. Calculate the goodwill of the firm on the basis of 3 times the super profit.
[Ans.: Goodwill – ₹ 2,70,000.]
Solution:-
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