[CBSE] Q. 37 Solution of Goodwill TS Grewal Class 12 (2025-26)

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Solution to Question number 37 of the Goodwill chapter 2 TS Grewal Book CBSE Board 2025-26 Edition.

Rohit and Hardik are partners sharing profits and losses equally. They decided to admit Surya as a partner for 1/3 share. For this purpose, the goodwill of the firm is to be valued. From the following information, calculate the value of goodwill by:

(i) Capitalisation of Average Profit Method.

(ii) Capitalisation of Super Profit Method.

(a) Average Capital Employed₹ 6,00,000
(b) Normal Rate of Return12%
(c) Profit for last three years:
2021-22
2022-23
2023-24
₹ 90,000
₹ 80,000
₹ 1,00,000
(d) Assets (Excluding goodwill)₹ 10,00,000
(e) Liabilities₹ 4,00,000

[Ans.: Goodwill under both methods – ₹ 1,50,000.]

Solution:-

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