[ISC] Q. 9 Goodwill Solution TS Grewal Class 12 (2026-27)
Solution to Question number 9 of the Goodwill chapter 2 TS Grewal Book ISC Board 2026-27 Edition.
Profits of a firm for the year ended 31st March for the last five years were:
| Year Ended | Profits (₹) |
| 31st March, 2020 | 20,000 |
| 31st March, 2021 | 24,000 |
| 31st March, 2022 | 30,000 |
| 31st March, 2023 | 25,000 |
| 31st March, 2024 | 18,000 |
Calculate value of goodwill on the basis of three year’s purchase of Weighted Average Profit after assigning weights 1, 2, 3, 4 and 5 respectively to the profits for years ended 31st March, 2020, 2021, 2022, 2023 and 2024.
Solution:-
