[CBSE] Q. 37 Solution of Goodwill TS Grewal Class 12 (2024-25)

Share your love

Solution to Question number 37 page of the Goodwill Chapter 2 TS Grewal Book CBSE Board 2024-25 Edition.

From the following information, Calculate the value of goodwill of the firm:

(i) At three years’ purchase of Average profit.

(ii) At three years’ purchase of Super Profit.

(iii) On the basis of Capitalisation of Super Profit.

(iv) On the basis of Capitalisation of Average Profit.

Information:

(a) Average Capital Employed is ₹ 6,00,000.

(b) Net profit/Loss of the firm for the last three years ended are 31st March 2023 – ₹ 2,00,000, 31st March 2022 – ₹ 1,80,000, and 31st March 2021 – ₹ 1,60,000.

(c) Normal Rate of Return in similar business is 10%.

(d) Remuneration of ₹ 1,00,000 to partners is to be taken as a charge against profit.

(e) Assets of the firm (excluding goodwill, fictitious assets, and non-trade investments is ₹ 7,00,000 whereas Partner’s Capital is ₹ 6,00,000 and Outside Liabilities ₹ 1,00,000.

[Ans.: Goodwill – (i) ₹ 2,40,000; (ii) ₹ 60,000; (iii) ₹ 2,00,000; (iv) ₹ 2,00,000.]

Solution:-

The link to All unsolved questions has been given below.

S.NQuestions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NQuestions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NQuestions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
28Question – 28
29Question – 29
30Question – 30
S.NQuestions
31Question – 31
32Question – 32
33Question – 33
34Question – 34
35Question – 35
36Question – 36
37Question – 37
Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 6105

Leave a Reply

Your email address will not be published. Required fields are marked *

close

Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.

Refresh