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

Solution to Question number 13 of the Retirement of Partner chapter 5 of TS Grewal Book 2026-27 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.]

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