Ts Grewal solutions Chapter 3 – Goodwill: Nature and valuation
Ts Grewal 2019 Solutions for Class 12 Chapter 3 Goodwill: Nature and purpose are provided here. All questions and Solutions from the Double Entry Book Keeping Ts Grewal 2019 Book of Class 12 Accountancy Chapter 3 Goodwill: Nature and purpose are provided here for you for free. You can just download the PDF file by just clicking on the download button given below.
ALL THE BEST GUYS! AND COMMERCE ROCKS
Goodwill is to be valued at three years' purchase of four years' average profit. Profits for last four years ending on 31st March of the firm were:
2016 − â‚¹ 12,000; 2017 − â‚¹ 18,000; 2018 − â‚¹ 16,000; 2019 − â‚¹ 14,000.
Calculate amount of Goodwill.
Number of years’ purchase = 3