[CBSE] Q. 24 solution of Retirement of Partner TS Grewal Class 12 (2026-27)

Solution to Question number 24 of the Retirement of Partner chapter 5 of TS Grewal Book 2026-27 Edition CBSE Board.

A, B, C and D are partners in a firm sharing profits, in the ratio of 2 : 1 : 2 : 1. On the retirement of C, Goodwill was valued ₹ 1,80,000. A, B and d decide to share future profits equally. Pass the necessary Journal entry for the treatment of goodwill.

[Ans.: Gaining Ratio of A, B and D – 0 : 1 : 1. Dr. B’s Capital A.c and D’s Capital A/c by ₹ 30,000 each; Cr. C’s Capital A/c by ₹ 60,000.]

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