[ISC] Q. 1 Goodwill Solution TS Grewal Class 12 (2026-27)

Solution to Question number 1 of the Goodwill chapter 2 TS Grewal Book ISC Board 2026-27 Edition.

Calculate the value of Goodwill on the basis of three year’s purchase of four year’s average profit, profits of the firm for last four years ending on 31st March, were:

2021 – ₹ 12,000; 2022 – ₹ 18,000; 2023 – ₹ 16,000; 2024 – ₹ 14,000.

Calculate the value of Goodwill.

Solution:-