[CBSE] Q. 18 solution of Retirement of Partner TS Grewal Class 12 (2026-27)

Solution to Question number 18 of the Retirement of Partner chapter 5 of TS Grewal Book 2026-27 Edition CBSE Board.

Aman, Bimal and Deepak are partners sharing profits in the ratio of 2 : 3 : 5. The goodwill of the firm has been valued at ₹ 37,500. Aman retired, Bimal and Deepak decided to share profits equally in future. Calculate gain/sacrifice of Bimal and Deepak on Aman’s retirement and also pass necessary Journal entry for the treatment of goodwill.

[Ans.: Bimal alone gains. Dr. Bimal’s Capital A/c and Cr. Aman’s Capital Aa/c by ₹ 7,500.]

Solution:-