[CBSE] Q. 27 Solution of Goodwill TS Grewal Class 12 (2023-24)
Solution to Question number 27 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?
Puneet and Tarun are in the restaurant business having credit balances in their fixed capital accounts as ₹ 2,50,000 each. They have credit balances in their Current Accounts of ₹ 30,000 and ₹ 20,000 respectively. The firm does not have any liability. They are regularly earning profits and their average profit for the last 5 years is ₹ 1,00,000. If the normal rate of return is 10%. Find the value of goodwill by Capitalisation of the Average Profit Method.
[Ans.: Goodwill – ₹ 4,50,000]
Solution:-
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