[CBSE] Q. 25 Solution of Goodwill TS Grewal Class 12 (2023-24)

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Solution to Question number 25 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?

A firm earned an average profit of ₹ 3,00,000 during the last few years. The normal rate of return of the industry is 15%. The assets of the business were ₹ 17,00,000 and its liabilities were ₹ 2,00,000.

Calculate the goodwill of the firm by Capitalisation of average profit.

[Ans.: Goodwill – ₹ 5,00,000.]

Solution:-

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