[CBSE] Q. 36 Solution of Retirement of Partner TS Grewal Class 12 (2024-25)

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Solution to Question number 36 of the Retirement of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board.

Ashok, Bhaskar and Chaman were in partnership sharing profits and losses equally. ‘Bhaskar’ retires from the firm. After adjustments, his Capital Account shows a credit balance of ₹ 3,00,000 as on 1st April, 2019. Balance due to ‘Bhaskar’ is to be paid in three equal annual instalments along with interest @ 10% p.a. Prepare Bhaskar’s Loan Account until he is paid the amount due to him. The firm closes its books on 31st March every year.

Solution:-

Here is the list of all Solutions of Retirement of Partners of TS Grewal class 12 CBSE 2024-25.

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53Question – 53
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55Question – 55
56Question – 56
57Question – 57
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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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