[CBSE] Q. 28 Solution of Goodwill TS Grewal Class 12 (2023-24)
Solution to Question number 28 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?
From the following particulars, calculate the value of goodwill of a firm by the Capitalisation of Average Profit Method.
(i) Profits of last five consecutive years ending 31st March, are: 2023 – ₹ 54,000; 2022 – ₹ 42,000; 2021 – ₹ 39,000; 2020 – ₹ 67,000 and 2019 – ₹ 59,000.
(ii) Capitalisation rate 20%.
(iii) Net assets of the firm ₹ 2,00,000.
[Ans.: Goodwill – ₹ 61,000.]
Solution:-
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