[ISC] Q. 15 Goodwill Solution TS Grewal Class 12 (2026-27)

Solution to Question number 15 of the Goodwill chapter 2 TS Grewal Book ISC Board 2026-27 Edition.

Saurabh Enterprises gave following information to calculate value of Goodwill by Super Profit Method:

Normal Rate of Return—15%; Profit for the Year— 1,50,000; Number of Years’ Purchase-3 Years;

Partners’ Capital— 5,00,000; General Reserve 3,00,000; Sundry Creditors – 1,00,000.

Solution:-