[ISC] Q. 31 Goodwill Solution TS Grewal Class 12 (2023-24)

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Solution to Question number 31 of the Goodwill Chapter 2 TS Grewal Book ISC Board 2023-24 Edition.

Ravi and Kant are partners in a business with balances in their capital and Current Accounts as on 31st March, 2023 were:

Capital AccountCurrent Account
Ravi₹ 2,50,00₹ 50,000 (Cr.)
Kant₹ 3,00,000₹ 25,000 (Cr.)

The firm earned an average profit of ₹ 1,25,000. If the normal rate of return is 10%, find the value of goodwill by Capitalisation Method.

Solution:-

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

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