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Solution of Q 8 Goodwill TS Grewal 2023-24 [CBSE]

Question 8 of 37Chapter 2Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 8, Chapter 2 Goodwill: Nature and Valuation, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 8

Abhay, Babu and Charu are partners sharing profits and losses equally. They agree to admit Daman for equal share of profit. For this purpose, the value of goodwill is to be calculated on the basis of four years’ purchase of average profit of last five years. These profits for the year ended 31st March, were:

TS Grewal Class 12 Goodwill Question 8

Solution

Solution of Q 8 Goodwill TS Grewal 2023-24 part 1
Solution of Q 8 Goodwill TS Grewal 2023-24 part 2
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About this solution

This is Chapter 2 Goodwill – Nature and Valuation of 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 CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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