[ISC] Q. 17 Goodwill Solution TS Grewal Class 12 (2023-24)

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Are you looking for the solution to Question number 17 of the Goodwill chapter 2 TS Grewal Book ISC Board 2023-24 Edition?

Question – 17

A partnership firm earned net profits during the last three years ended 31st March, as follows:

2021 – ₹ 17,000; 2022 – ₹ 20,000; 2023 – ₹ 23,000.

Capital investment in the firm throughout the above mentioned period was ₹ 80,000. Having regard to the risk involved. 15% is considered to be a fair return on the capital. Calculate value of goodwill on the basis of two year’s purchase of average super profit earned during the above mentioned three years.

Solution:-

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

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