Free step-by-step Accountancy solutions · Class 11 & 12 · CBSE & ISC📚 Books & Courses▶ YouTube📱 Get the app
TS GrewalDK GoelNotesMCQSample PapersSyllabusCareer

[ISC] Q. 1 Solution of Goodwill TS Grewal ISC 2023-24 Edition

Question 1 of 36Chapter 2Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 1, Chapter 2 Goodwill: Concepts and Mode of Valuation, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo

Question 1

Calculate the value of Goodwill on the basis of three years’ purchase of four years’ average profit. Profits of the firm for last four years ending on 31st March, were:

2020—₹ 12,000; 2021—₹ 18,000; 2022—₹ 16,000; 2023—₹ 14,000.

Calculate the value of Goodwill.

TS Grewal Class 12 Goodwill Question 1

Solution

Solution of Q 1 Goodwill TS Grewal 2023-24
🤔 Doubt in this solution? Ask Vijay Sir below ↓✓Check your preparation for this chapterGoodwill · MCQs with answers · Class 12Take the MCQ test →

Books & e-booksAll commerce books in one storePrinted books and PDFs for Class 11 and 12.Browse books

Stuck on this question? Ask Vijay Sir

Be the first to ask on this question.
LEAVE A REPLY

Ask your doubtFree. Vijay Sir replies here and you get an email when he does.

0 / 1500

🔒 No spam. Your email is never shown.

All questions of Chapter 2

123456789101112131415161718192021222324252627282930313233343536

Orange = this question · Grey = already opened.

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.

Get free help