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[ISC] Q. 30 Solution of Goodwill TS Grewal ISC 2023-24 Edition

Question 30 of 36Chapter 2Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 30, Chapter 2 Goodwill: Concepts and Mode of Valuation, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 30

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

  1. (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.
  2. (ii) Capitalisation rate 20%.
  3. (iii) Net assets of the firm ₹ 2,00,000.
TS Grewal Class 12 Goodwill Question 30

Solution

Solution of Q 30 Goodwill TS Grewal 2023-24 part 1
Solution of Q 30 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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