[CBSE] Q. 24 Solution of Retirement of Partner TS Grewal Class 12 (2024-25)

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Solution to Question number 24 of the Retirement of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board.

Punit, Ramit and Akshit were partners sharing profits equally. Akshit retired on 1st April, 2023. Punit and Ramit decided to continue the business and share profits in the ratio of 3 : 2. They also decided to give effect to the change in values of assets and liabilities without changing their book values.

Book Values (₹)Revised Values (₹)
Land5,50,0008,50,000
Building2,50,0002,10,000
Computers1,00,00070,000
Computer Softwares5,00,0004,00,000
Sundry Creditors70,00060,000
Workmen Compensation Claim5,000

Pass an adjustment entry.

[Ans.: Dr. Punit’s Capital A/c by ₹ 36,000 and Ramit’s Capital A/c by ₹ 9,000; Cr. Akshit’s Capital A/c by ₹ 45,000.]

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
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
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12Question – 12
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17Question – 17
18Question – 18
19Question – 19
20Question – 20
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23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
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30Question – 30
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31Question – 31
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33Question – 33
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42Question – 42
43Question – 43
44Question – 44
45Question – 45
46Question – 46
47Question – 47
48Question – 48
49Question – 49
50Question – 50
S.NQuestions
51Question – 51
52Question – 52
53Question – 53
54Question – 54
55Question – 55
56Question – 56
57Question – 57
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