[ISC] Q. 6 Goodwill Solution TS Grewal Class 12 (2026-27)
Solution to Question number 6 of the Goodwill chapter 2 TS Grewal Book ISC Board 2026-27 Edition.
Goodwill of the firm is valued at 3 years’ purchase of average profit of last five years.
Profits and losses for the years were:
1- 3,60,000; II- Loss ₹ 4,80,000, III-₹ 11,04,000, IV- ₹ 6,60,000,V₹ 8,40,000, VI- ₹ 10,80,000.
Additional Information:
(a) Profit on sale of fixed asset during year II amounted to 24,000. Profit on sale of fixed asset during year IV was ₹ 60,000.
(b) Loss on sale of fixed asset during year VI amounted to 60,000.
Calculate value of Goodwill after adjusting the above.
Solution:-
