[CBSE] Q. 22 solution of Retirement of Partner TS Grewal Class 12 (2026-27)

Solution to Question number 22 of the Retirement of Partner chapter 5 of TS Grewal Book 2026-27 Edition CBSE Board.

Shivam, Kapil and Deepak are partners sharing profits in the ratio of 3 : 1 : 2. On 31st March, 2022, Kapil retired and his capital account after adjustments of reserve and profit on revaluation was ₹ 3,50,000. Shivam and Deepak paid him ₹ 4,20,000 in settlement of his claim. To settle his account, a computer of ₹ 4,20,000 was given to Kapil. Pass the necessary Journal entries in the books of the firm.

[Ans.: Share in Hidden Goodwill = ₹ 70,000.]

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