[ISC] Q. 4 Goodwill Solution TS Grewal Class 12 (2023-24)

Solution to Question number 4 of the Goodwill chapter 2 TS Grewal Book ISC Board 2023-24 Edition.

Divya purchased Jyoti’s business on 1st April, 2023. Profits shown by Jyoti’s business for the last three financial years were:

2020 – 21 : ₹ 1,00,000 (including profit on sale of machine (abnormal gain) of ₹ 12,500).

2021 – 22 : ₹ 1,25,000 (after charging loss of stock by fire (abnormal loss) of ₹ 25,000).

2022 – 23 : ₹ 1,12,500 (excluding ₹ 12,500 as insurance premium on firm’s property. now to be insured).

Calculate the value of firm’s goodwill on the basis of two year’s purchase of the average profit of the last three years.

Solution:-

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

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