[ISC] Q. 4 Goodwill Solution TS Grewal Class 12 (2026-27)
Solution to Question number 4 of the Goodwill chapter 2 TS Grewal Book ISC Board 2026-27 Edition.
Calculate Goodwill of the firm on the basis of two years’ purchase of the average profit of last four years. Profits for last four years ended 31st March, were:
| Year (Ended 31st March) | Profit (₹) |
| 2023 | 3,06,000 |
| 2024 | 4,84,000 |
| 2025 | 4,66,000 |
| 2026 | 3,44,000 |
Additional Information:
(a) Closing Stock for the year ended 31st March, 2025 was undervalued by 26,000.
(b) Cost of management expenses per annum * 20,000 should be made for the purpose of goodwill valuation.
Solution:-
