[CBSE] Q. 15 solution of Retirement of Partner TS Grewal Class 12 (2026-27)

Solution to Question number 15 of the Retirement of Partner chapter 5 of TS Grewal Book 2026-27 Edition CBSE Board.

Aparna, Manisha and Sonia are partners sharing profits in the ratio of 3 : 2 : 1. Manisha retired and goodwill of the firm is valued at ₹ 1,80,000. Aparna and Sonia decided to share future profits in the ratio of 3 : 2. Pass necessary Journal entries.

[Ans.: Gaining Ratio = 3 : 7; Dr. Aparna’s Capital A/c by ₹ 18,000 and Sonia’s Capital A/c by ₹ 42,000; Cr. Manisha’s Capital A/c by ₹ 60,000.]

Solution:-