Chapter No. 3 – Goodwill: Nature and Valuation – Solution – Class 12

Chapter No. 3 – Goodwill Nature and Valuation - Solution - Class 12-min

Chapter No. 3 – Goodwill: Nature and Valuation – Solution – Class 12 of the all practical problems with the animation and videos. First of all you can read the meaning of the Goodwill as following.

Goodwill is the value of a company or firm in the eyes of the customer. If any business has more market share then it will have a higher value of goodwill. 

What is Goodwill: –

When one business acquired in a whole or some percentage of share of another business for the amount which is more than the total assets of that business. That amount of difference which is paid extra is known as goodwill. It is a tangible asset. 

Now question is that why business pay extra from the total value of the assets of the business?

There any reasons for that but some of the important are shown as under:

  • Higher market share 
  • More customer reliability
  • Satisfied employees 
  • or have a proprietary technology

Please check the article:

What is Goodwill -Definitions and Factors affecting its value

Chapter No. 3 – Goodwill: Nature and Valuation – Solution

Question No.1 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 01 Chapter 3 of +2-A Average Profit Method  1. Goodwill is to be valued at three years' purchase of ...
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Question No.2 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 02 Chapter 3 of +2-A 2. Profits for the five years ending on 31st March, are as follows: the ...
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Question No.3 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 03 Chapter 3 of +2-A 3. Calculate the value of goodwill on the basis of three years' purchase of ...
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Question No.4 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 04 Chapter 3 of +2-A 4. Calculate the value of a firm's goodwill on the basis of one and ...
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Question No.5 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 05 Chapter 3 of +2-A 5. Purav and Purvi are partners in firm sharing profits and losses in the ...
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Question No.6 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 06 Chapter 3 of +2-A 6. Annu, Baby and Chetan are partners in firm sharing profits and losses equally ...
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Question No.7 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 07 Chapter 3 of +2-A Average Profit Method when Past Adjustments are Made: - 7. Divya purchased Jyoti's business ...
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Question No.8 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 08 Chapter 3 of +2-A 8. Abhay, Babu and Charu are partners sharing profits and losses equally. They agree ...
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Question No.9 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 09 Chapter 3 of +2-A 9. Bharat and Bhushan are partners sharing profits in the ratio of 3: 2 ...
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Question No.10 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 10 Chapter 3 of +2-A 10. Bhaskar and Pillai are partners sharing profits and losses in the ratio of ...
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Question No.11 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 11 Chapter 3 of +2-A 11. Sumit purchased Amit's business on 1st April 2019. Goodwill was decided to be ...
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Question No.12 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 12 Chapter 3 of +2-A Geet and Meet are partners in a firm. They admit Jeet into a partnership ...
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Question No.13 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 13 Chapter 3 of +2-A 13. Profits of a firm for the year ended 31st March for the last ...
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Question No.14 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 14 Chapter 3 of +2-A 14. A and B are partners sharing profits and losses in the ratio of ...
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Question No.15 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 15 Chapter 3 of +2-A 15. Raman and Daman are partners sharing profits in the ratio of 60 : ...
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Question No.16 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 16 Chapter 3 of +2-A 16. Calculate goodwill of a firm on the basis of three years' purchase of ...
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Question No.17 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 17 Chapter 3 of +2-A 17. Dinesh and Mahesh are partners sharing profits and losses in the ratio of ...
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Question No.18 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 18 Chapter 3 of +2-A 18. Manbir and Nimrat are partners and they admit Anahat into partnership. It was ...
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Question No.19 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 19 Chapter 3 of +2-A 19. Mahesh and Suresh are partners and they admit Naresh into partnership. They agreed ...
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Question No.20 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 20 Chapter 3 of +2-A 20. Mahesh and Suresh are partners and they admit Naresh into partnership. They agreed ...
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Question No.21 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 21 Chapter 3 of +2-A Super Profit Method 21. Average profit earned by a firm is 80,000 which includes ...
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Question No.22 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 22 Chapter 3 of +2-A 22. Gupta and Bose had a firm in which they had invested 50,000. On ...
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Question No.23 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 23 Chapter 3 of +2-A 23. The total capital of the firm of Sakshi, Mehak and Megha is 1,00,000 ...
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Question No.24 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 24 Chapter 3 of +2-A 24. Rakesh and Ashok earned a profit of 5,000. They employed capital of 25,000 ...
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Question No.25 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 25 Chapter 3 of +2-A 25. Average net profit expected in future by XYZ firm is 36,000 per year ...
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Question No.26 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 26 Chapter 3 of +2-A 26. A partnership firm earned net profits during the last three years ended 31st ...
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Question No.27 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 27 Chapter 3 of +2-A 27. A partnership firm earned net profits during the past three years as follows: ...
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Question No.28 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 28 Chapter 3 of +2-A 28. Ideal Marketing earned an average profit of 4,00,000 during the last five years ...
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Question No.29 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 29 Chapter 3 of +2-A 29. Varuna and Karuna are partners for equal shares. They admit Lata into a ...
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Question No.30 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 30 Chapter 3 of +2-A 30. A business earned an average profit of 8,00,000 during the last few years.  ...
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Question No.31 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 31 Chapter 3 of +2-A 31. Capital of the firm of Sharma and Verma is 2,00,000 and the market ...
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Question No.32 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 32 Chapter 3 of +2-A 32. Supreet and Shubham are equal partners. They decide to admit Akriti for 1/3rd ...
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Question No.33 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 33 Chapter 3 of +2-A 33.On 1st April, 2019, an existing firm had assets of 75,000 including cash of ...
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Question No.34 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 34 Chapter 3 of +2-A 34. Average profit earned by a firm is 1,00,000 which includes undervaluation of stock ...
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Question No.35 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 35 Chapter 3 of +2-A 35. Average profit earned by a firm is 7,50,000 which includes overvaluation of stock ...
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Question No.36 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 36 Chapter 3 of +2-A 36. Ayub and Amit are partners in a firm and they admit Jaspal into ...
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Question No.37 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 37 Chapter 3 of +2-A 37. From the following information, calculate the value of goodwill of the firm by ...
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Question No.38 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 38 Chapter 3 of +2-A 38. A business has earned average profit of 1,00,000 during the last few years ...
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Question No.39 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 39 Chapter 3 of +2-A 39. Form the following particulars, calculate the value of goodwill of a firm by ...
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Question No.40 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 40 Chapter 3 of +2-A 40. A business has earned average profit of 4,00,000 during the last few years ...
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Question No.41 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 41 Chapter 3 of +2-A 41. A firm earns profit of 5,00,000. Normal Rate of Return in a similar ...
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Question No.42 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 42 Chapter 3 of +2-A 42. On 1st April, 2018, a firm had assets of 1,00,000 excluding stock of ...
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Question No.43 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 43 Chapter 3 of +2-A 43. Average profit of the firm is 2,00,000. Total assets of the firm are ...
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Question No.44 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 44 Chapter 3 of +2-A 44. Rajan and Rajani are partners in a firm. Their capitals were Rajan 3,00,000; ...
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Question No.45 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 45 Chapter 3 of +2-A 45. Average profit of GS & Co. is 50,000 per year. Average capital employed ...
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Question No.46 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 1 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 46 Chapter 3 of +2-A 46. A business has earned average profit of 4,00,000 during the last few years ...
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Question No.47 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 47 Chapter 3 of +2-A 47. Ajeet and Baljeet are partners in a firm. Their capitals are 9,00,000 and ...
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Question No.48 Chapter No.3 T.S. Grewal 2 Book 2019 Solution min min 360x202 - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
Question 48 Chapter 3 of +2-A From the following information, calculate value of goodwill of the firm: At three years' ...
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2 Book 1 min - Chapter No. 3 – Goodwill: Nature and Valuation - Solution - Class 12
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)