[CBSE] Q. 21 Solution of Retirement of Partner TS Grewal Class 12 (2024-25)

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Solution to Question number 21 of the Retirement of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board.

A, B and C were partners in a firm sharing profits in the ratio of 6 : 5 : 4. Their capitals were A – ₹ 1,00,000; B – ₹ 80,000 and C – ₹ 60,000 respectively. On 1st April, 2009, A retired from the firm and the new profit sharing ratio between B and C was decided as 1 : 4. On A’s retirement, the goodwill of the firm was valued at ₹ 1,80,000. Showing your calculations clearly, pass the necessary Journal entry for the treatment of goodwill on A’s retirement.

[Ans.: C’s Gain – 8/15, B’s Sacrifice – 2/15; Dr. C’s Capital A/c by ₹ 96,000; Cr’s A’s Capital A/c by ₹ 72,000 and B’s Capital A/c by ₹ 24,000.]

Solution:-

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

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1Question – 1
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53Question – 53
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55Question – 55
56Question – 56
57Question – 57
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Anurag Pathak

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