[ISC] Q. 33 Goodwill Solution TS Grewal Class 12 (2026-27)

Solution to Question number 33 of the Goodwill chapter 2 TS Grewal Book ISC Board 2026-27 Edition.

A firm earns profit of ₹ 2,00,000. Normal rate of return in the similar business is 10%. Value of total assets (excluding goodwill) and total outside liabilities as on the due of valuation of goodwill are ₹ 23,00,000 and ₹ 6,60,000 respectively. Determine the value of goodwill by:

a) Capitalisation of Super Profit Method, and

b) Capitalisation of Average Profit Method.

Solution:-