[ISC] Q. 19 Goodwill Solution TS Grewal Class 12 (2023-24)

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Solution to Question number 19 of the Goodwill chapter 2 TS Grewal Book ISC Board 2023-24 Edition.

Capital of the firm of Anu and Benu is ₹ 5,00,000 and the market rate of interest is 15%. Annual salary to partners is ₹ 30,000 each. Profits for the last 3 years were ₹ 1,50,000; ₹ 1,80,000 and ₹ 2,10,000. Calculate the value of goodwill of the firm by Super Profit Method if it is valued at 3 Year’s purchase of super profit.

Solution:-

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

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