[CBSE] Q. 31 Solution of Goodwill TS Grewal Class 12 (2023-24)

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Are you looking for the solution to Question number 31 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2023-24 Edition?

Question – 31

On 1st April 2018, the firm had assets of ₹ 1,00,000 excluding stock of ₹ 20,000. The current liabilities were ₹ 10,000 and the balance constituted Partner’s Capital Accounts. If the normal rate of return is 8%, the Goodwill of the firm is valued at ₹ 60,000 at four years’ purchase of super profit, find the actual profits of the firm.

[Ans.: Capital Employed – ₹ 1,10,000; Normal Profit – ₹ 8,800; Average Actual Profit – ₹ 23,800.]

Solution:-

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