[ISC] Q. 11 Goodwill Solution TS Grewal Class 12 (2023-24)

Share your love

Solution to Question number 11 of the Goodwill chapter 2 TS Grewal Book ISC Board 2023-24 Edition.

Amitabh and Bachan are partners sharing profits and losses in the ratio of 5 : 3. On 1st April, 2023, Chaman is admitted to the partnership for 1/4th share of profits. For this purpose, goodwill is to be valued at two year’s purchase of last three year’s profits (after allowing partner’s remuneration). Profits to be weighted 1 : 2 : 3, the greatest weight being given to last year. Net Profits before partner’s remuneration for the year ended 31st March, 2021, 2022 and 2023 were: ₹ 2,00,000; ₹ 2,30,000 and ₹ 2,50,000 respectively. The cost of managing the business is estimated to be ₹ 90,000 p.a. Calculate the amount of goodwill.

Solution:-

List of all solutions of Goodwill chapter TS Grewal ISC Board class 12 (2023-24)

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
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 for free lectures

Articles: 7052

Leave a Reply

Your email address will not be published.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

x