[ISC] Q. 13 Retirement of Partner TS Grewal Solution Class 12 (2026-27)

Solution to Question number 13 of the Retirement of Partner Chapter of TS Grewal Book ISC Board 2026-27 session?

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

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