[ISC] Q. 3 Goodwill Solution TS Grewal Class 12 (2026-27)
Solution to Question number 3 of the Goodwill chapter 2 TS Grewal Book ISC Board 2026-27 Edition.
Calculate the value of goodwill of a firm on the basis of three year’s purchase of average profit of the preceding five years which were as follows:
| Year Ended | Profit (₹) |
| 31st March, 2024 | 8,00,000 |
| 31st March, 2023 | 15,00,000 |
| 31st March, 2022 | 18,00,000 |
| 31st March, 2021 | 4,00,000 (Loss) |
| 31st March, 2020 | 13,00,000 |
Solution:-
