Solution of Q 27 Goodwill TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 27, Chapter 2 Goodwill: Nature and Valuation, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 27
Puneet and Tarun are in restaurant business having credit balances in their fixed Capital Accounts as ₹ 2,50,000 each. They have credit balances in their Current Accounts of ₹ 30,000 and ₹ 20,000 respectively. The firm does not have any liability. They are regularly earning profits and their average profit of last 5 years is ₹ 1,00,000. If the normal rate of return is 10%, find the value of goodwill by Capitalisation of Average Profit Method.
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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