Solution of Q 36 Goodwill TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 36, Chapter 2 Goodwill: Nature and Valuation, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 36
A business has earned average profit of ₹ 8,00,000 during the last few years and the normal rate of return in similar business is 10%. Find value of goodwill by:
- (i) Capitalisation of Super Profit Method; and
- (ii) Super Profit Method if the goodwill is valued at 3 years’ purchase of super profit.
Assets of the business were ₹ 80,00,000 and its external liabilities ₹ 14,40,000.
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.
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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