[ISC] Q. 16 Goodwill Solution TS Grewal Class 12 (2026-27)

Solution to Question number 16 of the Goodwill chapter 2 TS Grewal Book ISC Board 2026-27 Edition.

Lavit & Co. 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; Sundry Creditors-1,00,000; Fixed Assets-4,00,000; Stock (Inventory) 2,00,000; Sundry Debtors- 1,00,000; Cash in Hand– 50,000; Cash at Bank 1,50,000.

Solution:-