Q. 91 DK Goel Retirement of Partner Solutions Class 12 CBSE (2024-25)

Here are the solutions of Question number 91 Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2024-25)

M, N and O who are partners in a firm share profits in the ratio of 3 : 2 : 1. Goodwill has been valued at ₹ 60,000. On N’s retirement, M and O agree to share profits equally.

Pass necessary journal entry for treatment of N’s share of goodwill.

Solution:-