[CBSE] Q. 30 Solution of Goodwill TS Grewal Class 12 (2023-24)

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Solution to Question number 30 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?

A firm earns a profit of ₹ 5,00,000. The normal Rate of Return in a similar type of business is 10%. The value of total assets (excluding goodwill) and total outsider’s liabilities as on the date of goodwill are ₹ 55,00,000 and ₹ 14,00,000 respectively. Calculate the value of goodwill according to the Capitalisation of the Super Profit Method as well as the Capitalisation of the Average Profit Method.

[Ans.: Goodwill – ₹ 9,00,000 in both cases.]

Solution:-

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