Solution of Q 4 Goodwill TS Grewal 2022-23 [CBSE]
Step-by-step solution of Question 4, Chapter 3 Goodwill: Nature and Valuation, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.
Question 4
Annu, Baby and Chetan are partners in a firm sharing profits and losses equally. They take Deep into partnership from 1st April, 2022 for 1/5th share in the future profits. For this purpose, goodwill is valued at 100% of the average annual profit of the previous three or four years, whichever is higher.
The annual profits for the purpose of goodwill for the past four years were:
Solution
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About this solution
This is Chapter 3 Goodwill – Nature and Valuation of TS Grewal Edition 2022-23.
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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