Solution of Q 13 Goodwill TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 13, Chapter 2 Goodwill: Nature and Valuation, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 13
The capital of the firm of Anuj and Benu is ₹ 10,00,000 and the market rate of interest is 15%. Annual salary to the partners is ₹ 60,000 each. The profit for the last three years were ₹ 3,00,000, ₹ 3,60,000 and ₹ 4,20,000. Goodwill of the firm is to be valued on the basis of two years’ purchase of last three years average super profit. Calculate the goodwill of the firm.
Solution
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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.
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