[ISC] Q. 30 Goodwill Solution TS Grewal Class 12 (2023-24)

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Solution to Question number 30 of the Goodwill Chapter 2 TS Grewal Book ISC Board 2023-24 Edition?

From the following particulars, calculate value of goodwill of a firm by Capitalisation of Average Profit Method:

i) Profits of last five consecutive years ending 31st March, are: 2023 – ₹ 54,000; 2022 – ₹ 42,000; 2021 – ₹ 39,000; 2020 – ₹ 67,000 and 2019 – ₹ 59,000.

ii) Capitalisation rate 20%

iii) Net Assets of the firm ₹ 2,00,000.

Solution:-

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

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