Q. 92 DK Goel Retirement of Partner Solutions Class 12 CBSE (2024-25)

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Here are the solutions of Question number 92 Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2024-25)

Ravi, Mukesh, Naresh and Yogesh are partners in a firm sharing profits in the ratio of 2 : 2 : 1 : 1. On Mukesh’s retirement the goodwill of the firm is valued at ₹ 90,000. Ravi, Naresh and Yogesh to share future profits equally. Pass the necessary journal entry for the treatment of goodwill.

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