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Solution of Q 23 Goodwill TS Grewal 2022-23 [CBSE]

Question 23 of 39Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 23, Chapter 3 Goodwill: Nature and Valuation, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.

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Question 23

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 23

Solution

Solution of Q 23 Goodwill TS Grewal 2022-23
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About this solution

This is Chapter 3 Goodwill – Nature and Valuation of TS Grewal Edition 2022-23.

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 CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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