Goodwill can be explained as the reputation or rapport a company earns through its business, performance, and presence. In Goodwill - Nature and Valuation, students will learn about the meaning of goodwill, the factors affecting it, the need for valuing it, and methods of valuing goodwill.  Goodwill is an important factor that is to be considered when a partner joins a firm. In the Goodwill chapter of TS Grewal Accountancy Solutions, there are 30 solutions to sums based on goodwill evaluation.