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[ISC] Q. 25 Solution of Goodwill TS Grewal ISC 2023-24 Edition

Question 25 of 36Chapter 2Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 25, Chapter 2 Goodwill: Concepts and Mode of Valuation, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 25

Average profit earned by a firm is ₹ 1,00,000 which includes undervaluation of stock of ₹ 40,000 on an average basis. The capital invested in the business is ₹ 6,30,000 and the normal rate of return is 5%. Calculate goodwill of the firm on the basis of 5 times the super profit.

TS Grewal Class 12 Goodwill Question 25

Solution

Solution of Q 25 Goodwill TS Grewal 2023-24 part 1
Solution of Q 25 Goodwill TS Grewal 2023-24 part 2
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About this solution

This is Chapter 2 Goodwill of ISC TS Grewal Edition 2023-24.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.

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