[CBSE] Q. 31 solution of Goodwill Accountancy Class 12 TS Grewal Book 2022-23

Solution to Question number 31 page of the Goodwill chapter 3 TS Grewal Book CBSE Board 2022-23 Edition?

A business has earned average profit of ₹ 4,00,000 during the last few years, and the normal rate of return in similar business is 10%. Find the value of goodwill by

(i) Capitalisation of Super Profit Method, and

(ii) Super Profit Method if the goodwill is valued at 3 Year’s purchase of super profits.

Assets of the business were ₹ 40,00,000 and its external liabilities ₹ 7,20,000.

Assets of the business were ₹ 40,00,000 and its external liabilities ₹ 7,20,000.

[Ans.: (i) Goodwill – ₹ 7,20,000; (ii) Goodwill – ₹ 2,16,000.]

Solution:-

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