[ISC] Q. 24 Goodwill Solution TS Grewal Class 12 (2024-25)

Solution to Question number 24 of the Goodwill Chapter 2 TS Grewal Book ISC Board 2024-25 Edition.

From the information given below, find the average profits of the partnership firm of Sudhir and Sana:

(a) The firm has total assets of ₹ 4,80,000.

(b) The partner’s capital accounts show a balance of ₹ 4,00,000.

(c) The firm has reserves of ₹ 30,000 and creditors of ₹ 50,000.

(d) The normal rate of return from the capital invested in the same class of business is 10%.

(e) The self-generated goodwill of the firm is valued at ₹ 1,80,000 at 3 year’s purchases of super profits.

Solution:-

List of all solutions of Goodwill chapter TS Grewal ISC Board class 12 (2024-25)

S.N	Questions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Questions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Questions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

S.N	Questions
31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36