[CBSE] Q. 33 Solution of Retirement of Partner TS Grewal Class 12 (2023-24)
Solution to Question number 33 of the Retirement of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?
Alfa, Beta and Gama are in partnership sharing profits in the ratio of 5 : 3 : 2. Their Balance Sheet on 1st April, 2022, the day Beta decided to retire from firm, was as follows:
| Liabilities | ₹ | Assets | ₹ |
| Alfa’s Capital Beta’s Capital Gama’s Capital General Reserve Sundry Creditors | 3,00,000 2,00,000 2,00,000 1,00,000 1,00,000 | Building Machinery Investments Debtors Stock Cash at Bank | 2,50,000 1,50,000 2,50,000 1,00,000 50,000 1,00,000 |
| 9,00,000 | 9,00,000 |
The terms of retirement were:
(I) Beta takes goodwill from Alfa for ₹ 30,000 and from Gama for ₹ 40,000 for foregoing his share of profits.
(ii) Stock to be appreciated by 20% and building by ₹ 50,000.
(iii) Investments were sold for ₹ 2,70,000.
(iv) Beta is paid by bank draft.
Prepare Revaluation Account, Partner’s Capital Accounts and Balance Sheet of the new firm.
[Ans.: Gain (Profit) on Revaluation – ₹ 80,000; Amount paid to Beta – ₹ 3,24,000; Partner’s Capital Accounts: Alfa – ₹ 3,60,000; Gama – ₹ 1,96,000 Balance Sheet Total – ₹ 6,56,000.]
Solution:-
Here is the list of all Solutions of Retirement of Partners of TS Grewal class 12 CBSE 2023-24.
| S.N | Questions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Questions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Questions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
| 28 | Question – 28 |
| 29 | Question – 29 |
| 30 | Question – 30 |
| S.N | Questions |
| 31 | Question – 31 |
| 32 | Question – 32 |
| 33 | Question – 33 |
| 34 | Question – 34 |
| 35 | Question – 35 |
| 36 | Question – 36 |
| 37 | Question – 37 |
| 38 | Question – 38 |
| 39 | Question – 39 |
| 40 | Question – 40 |
