Sumit purchased Amit’s business on 1st April,2025

7 :- Sumit purchased Amit’s business on 1st April, 2025. Goodwill was decided to be valued at two years’ purchase of average normal profit of the last four years. The profits…

Accountancy Class 12 General

Abhay, Babu and Charu are partners sharing profits and losses equally

6 :- Abhay, Babu, and Charu are partners sharing profits and losses equally. They agree to admit Daman for an equal share of profits. For this purpose, the value of…

Accountancy Class 12 General

Tarang purchased Jyoti’s business with effect from 1st April,2025.

5 :- Tarang purchased Jyoti’s business with effect from 1st April, 2025. Profits shown by Jyoti’s Business for the last three financial years ended 31st March were:2023 : Rs 1,00,000 (including an abnormal…

Accountancy Class 12 General

Asin and Shreyas were partners

4 :- Asin and Shreyas were partners sharing profits and losses in the ratio of 2 : 1. They admitted Shyam as a partner for 1/5th share in profits. For…

Accountancy Class 12 General

Profit for the five years ending 31st March are as follows :-

2 :- Profits for the five years ending 31st March are as follows:-Year 2021 – Rs 4,00,000; Year 2022 – Rs 3,98,000; Year 2023 – Rs 4,50,000; Year 2024 – Rs 4,45,000 and Year 2025 – Rs 5,00,000.Calculate the…

Accountancy Class 12 General

Goodwill is to be valued at three year’s purchase

1 :- Goodwill is to be valued at three years’ purchase of four years’ average profit. Profits of the firm for the last four years ending 31st March were:2022 – Rs 12,000, 2023 –…

Accountancy Class 12 General

Question 1 to 3 (Average Profit Method)

TS Grewal Solutions - Goodwill : Nature and Valuation 1 :- Goodwill is to be valued at three years’ purchase of four years’ average profit. Profits of the firm for…

Accountancy Class 12 General

TS Grewal Volume 1 Solutions (2025 – 26) Chapter 2 – Goodwill : Nature and Valuation

Question 1 to 3 (Average Profit Method)Question 4 to 7 (Average Profit Method when Past Adjustments are made)Question 8 to 9 (Weighted Average Profit Method) Question 10 to 16 (Super…