Question No 12 of TS Grewal (CBSE)

Sakshi and Megha were partners sharing profits and losses in the ratio of 3:1. Capital employed as on 31st March, was Rs. 14,00,000. Profit earned on an average is Rs. 1,80,000. Calculate goodwill of the firm on the basis of 5 years’ purchase of super profits, if the normal rate of return is 10%.

Solution No 12 of TS Grewal (CBSE)

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