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Solution of Q 31 Goodwill TS Grewal 2023-24 [CBSE]

Question 31 of 37Chapter 2Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 31, Chapter 2 Goodwill: Nature and Valuation, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 31

On 1st April, 2018, a firm had assets of ₹ 1,00,000 excluding stock of ₹ 20,000. The current liabilities were ₹ 10,000 and the balance constituted Partners’ Capital Accounts. If the normal rate of return is 8%, the Goodwill of the firm is valued of ₹ 60,000 at four years’ purchase of super profit, find the actual profits of the firm.

TS Grewal Class 12 Goodwill Question 31

Solution

Solution of Q 31 Goodwill TS Grewal 2023-24 part 1
Solution of Q 31 Goodwill TS Grewal 2023-24 part 2
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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.

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.

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