[DK Goel] Q. 43, 44 Retirement of Partner Solutions Class 12 CBSE (2026-27)

Here are the solutions of Question number 43 and 44 of Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2026-27)

Q. 43. Ajay, Vijay and Sanjay are partners in a firm sharing profits and losses in the ratio of 5 : 4 : 3. Vijay retires. After making all adjustments relating to revolution, goodwill and accumulated profits, etc. the capital account of Ajay showed a credit balance of ₹ 2,00,000 and that of Sanjay ₹ 1,00,000. It was decided to adjust the capitals of Ajay and Sanjay in their profit sharing ratio. You are required to calculate the new capital of the partner’s and record necessary entry for surplus/deficit.

[Ans. Ajya will withdraw ₹ 12,500 and Sanjay will bring in ₹ 12,500.]

Solution:-

Q. 44. X, Y and Z are partners in a firm sharing profits in the ratio of 3 : 2 : 1. On April 1st 2024, X retires from the firm, Y and Z agree that the capital of the new firm shall be fixed at ₹ 2,10,000 in the profit sharing ratio. The Capital Accounts of Y and Z after all adjustments on the date of retirement showed balances of ₹ 1,45,000 and ₹ 63,000 respectively. State the amount of actual cash to be brought in or to be paid to the partners.

[Ans. Y will withdraw ₹ 5,000 and Z will bring in ₹ 7,000.]

Solution:-