[CBSE] Q. 18 Solution of Retirement of Partner TS Grewal Class 12 (2024-25)

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Solution to Question number 18 of the Retirement of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board.

Shivam, Kapil and Deepak are partners sharing profits in the ratio of 3 : 1 : 2. On 31st March, 2022, Kapil retired and his capital account after adjustments of reserve and profit on revaluation was ₹ 3,50,000. Shivam and Deepak paid him ₹ 4,20,000 in settlement of his claim. To settle his account, a computer of ₹ 4,20,000 was given to Kapil. Pass the necessary Journal entries in the books of the firm.

[Ans.: Share in Hidden Goodwill = ₹ 70,000.]

Solution:-

Here is the list of all Solutions of Retirement of Partners of TS Grewal class 12 CBSE 2024-25.

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57Question – 57
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