[CBSE] Q. 19 solution of Retirement of Partner TS Grewal Class 12 (2026-27)
Solution to Question number 19 of the Retirement of Partner chapter 5 of TS Grewal Book 2026-27 Edition CBSE Board.
A, B and C were partners in a firm sharing profits and losses in the ratio of 2: 3: 1. Goodwill appeared in their books at ₹ 3,00,000. B retired from the firm on 1st April, 2024.On that date, the goodwill of the firm was valued at 5,40,000.
Pass the necessary Journal entries in the books of the firm for the treatment of goodwill on B’s retirement.
(CBSE 2025 C)
Solution:-
