[CBSE] Q. 29 Solution of Goodwill TS Grewal Class 12 (2024-25)
Solution to Question number 29 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2024-25 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: 2024 – ₹ 54,000; 2023 – ₹ 42,000; 2022 – ₹ 39,000; 2021 – ₹ 67,000 and 2020 – ₹ 59,000.
(ii) Capitalisation rate 20%.
(iii) Net assets of the firm ₹ 2,00,000.
[Ans.: Goodwill – ₹ 61,000.]
Solution:-
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