[CBSE] Q. 12 solution of Retirement of Partner TS Grewal Class 12 (2023-24)

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Solution to Question number 12 of the Retirement of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Sunil, Shahid and David are partners sharing profits and losses in the ratio of 4 : 3 : 2. Shahid retires and the goodwill is valued at ₹ 72,000. Calculate Shahid’s share of goodwill and pass the Journal entry for Goodwill. Sunit and David decided to share future profits and losses in the ratio of 5 : 3.

[Ans.: Shahid’s Share of Goodwill – ₹ 72,000 × 3/9 = ₹ 24,000; Dr. Sunil’s Capital A/c by ₹ 13,000 and David’s Capital A/c by ₹ 11,000; Cr. Shahid’s Capital A/c by ₹ 24,000.]

Solution:-

Here is the list of all Solutions of Retirement of Partners of TS Grewal class 12 CBSE 2023-24.

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60Question – 60
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Anurag Pathak

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