[DK Goel] Q. 89, 90 Retirement of Partner Solutions Class 12 CBSE (2026-27)

Here are the solutions of Question number 89 and 90 of Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2026-27)

Q. 89. M, N and O who are partners in a firm share profits in the ratio of 3 : 2 : 1. Goodwill has been valued at ₹ 60,000. On N’s retirement, M and O agree to share profits equally.

Pass necessary journal entry for treatment of N’s share of goodwill.

Solution:-

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

Solution:-