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

Solution to Question number 12 of the Goodwill chapter 2 TS Grewal Book ISC Board 2026-27 Edition.

Apoorva and Muskaan had a firm in which they had invested ₹ 50,000. On an average, the profits were ₹ 16,000. The normal rate of return in the industry is 15%. Goodwill is to be valued at four years’ purchase of profits in excess of profits @ 15% on the money invested. Value of goodwill.

Solution:-