[CBSE] Q. 23 solution of Retirement of Partner TS Grewal Class 12 (2026-27)
Solution to Question number 23 of the Retirement of Partner chapter 5 of TS Grewal Book 2026-27 Edition CBSE Board.
X, Y and Z are partners in a firm sharing profits in the ratio of 3 : 2 : 1. Goodwill is valued at
₹ 1,50,000. On Y’s retirement, X and Z agree to share profits equally.
Pass the necessary Journal entry for treatment of Y’s share of goodwill.
[Ans.: Only Z is gaining; Dr. Z’s Capital A/c and Cr. Y’s Capital A/c by 50,000.]
Solution:
