Solution of Q 4 Goodwill TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 4, Chapter 2 Goodwill: Nature and Valuation, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 4
Purav and Purvi are partners in a firm sharing profits and losses in the ratio of 2 : 1. They admit Parv into partnership for 1/4th share on 1st April, 2023. For this purpose, goodwill is to be valued at four times the average annual profit of the previous four or five years, whichever is higher. The agreed profits for goodwill purpose of the past five years ended 31st March, are:
Solution
All questions of Chapter 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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