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[ISC] Q. 33 Solution of Goodwill TS Grewal ISC 2023-24 Edition

Question 33 of 36Chapter 2Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 33, Chapter 2 Goodwill: Concepts and Mode of Valuation, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 33

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 33

Solution

Solution of Q 33 Goodwill TS Grewal 2023-24 part 1
Solution of Q 33 Goodwill TS Grewal 2023-24 part 2
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Solution of Q 33 Goodwill TS Grewal 2023-24 part 3
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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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