[DK Goel] Q. 87, 88 Retirement of Partner Solutions Class 12 CBSE (2026-27)

Here are the solutions of Question number 87 and 88 of Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2026-27)

Q. 87. A, B and C are partners with capitals of ₹ 1,00,000; ₹ 75,000 and ₹ 50,000 respectively. On C’s retirement, his share is acquired by A and B in the ratio of 6 : 4. Ascertain new profit sharing ratio and gaining ratio.

[Ans. New Ratio 8 : 7; Gaining Ratio 3 : 2]

Solution:-

Q. 88. Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at a value of ₹ 60,000 and General Reserve at ₹ 20,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹ 2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3.

Record necessary Journal entries on Karan’s retirement.

[Ans. Adjustment of Goodwill : Debit Shilpa’s Capital A/c by ₹ 96,000; Credit Alia’s Capital A/c by ₹ 24,000 and Karan’s Capital A/c by ₹ 72,000.]

Solution:-