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Solution of Q 37 Goodwill TS Grewal 2022-23 [CBSE]

Question 37 of 39Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 37, Chapter 3 Goodwill: Nature and Valuation, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.

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Question 37

Average profit of GS & Co. is ₹ 50,000 per year. Average capital employed in the business is ₹ 3,00,000. If the normal rate of return on capital employed is 10%, calculate goodwill of the firm by:

  1. (i) Super Profit Method at three years’ purchase; and
  2. (ii) Capitalisation of Super Profit Method.
TS Grewal Class 12 Goodwill Question 37

Solution

Solution of Q 37 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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