Q. 14 solution of Retirement of Partner Chapter TS Grewal Book Class 12 2021-22
Are you looking for the solution of Question number 14 of the Retirement of Partner Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 14 of the Retirement of Partner chapter is a practical one.
Solution of Question Number 14 of Retirement of Partner Chapter of TS Grewal Book 2021-22 Class 12
Question – 14
P, Q, R, and S were partners in firm sharing profits in the ratio of 5:3:1:1. On 1st January 2021, S retires from the firm. On S’s retirement, the goodwill of the firm was valued at ₹ 4,20,000. The new Profit sharing ratio among P, Q, and R will be 4:3:3.
Showing your working notes clearly, Pass necessary Journal entry for the treatment of goodwill in the books of the firm on S’s retirement.
Solution:-
| S.N | Admission of Partner |
| 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 | Admission of Partner |
| 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 | Admission of Partner |
| 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 | Admission of Partner |
| 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 |
