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

Solution of Q 28 Goodwill TS Grewal 2023-24 [CBSE]

Question 28 of 37Chapter 2Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 28, Chapter 2 Goodwill: Nature and Valuation, TS Grewal Class 12 Accountancy 2023-24 for the CBSE 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 28

From the following particulars, calculate value of goodwill of a firm by Capitalisation of Average Profit Method:

  1. (i) Profits of last five consecutive years ending 31st March, are: 2023—₹ 54,000; 2022—₹ 42,000; 2021—₹ 39,000; 2020—₹ 67,000 and 2019—₹ 59,000.
  2. (ii) Capitalisation rate 20%.
  3. (iii) Net assets of the firm ₹ 2,00,000.
TS Grewal Class 12 Goodwill Question 28

Solution

Solution of Q 28 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 →

12th Accounts Revision Book

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

12345678910111213141516171819202122232425262728293031323334353637

Orange = this question · Grey = already opened.

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.

Get free help