# [CBSE] Q. 26 Solution of Retirement of Partner TS Grewal Class 12 (2023-24)

Solution to Question number 26 of the Retirement of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Sangeeta, Saroj and Shanti are partners sharing profits and losses in the ratio of 5 : 3 : 2. Shanit retired and on the date of her retirement, following adjustements were agreed:

a) The value of furniture is to be increased by ₹ 12,000

b) The value of stock to be decreased by ₹ 10,000.

c) Machinery of the books value of ₹ 50,000 is to be reduced by 10%.

d) A Provision for doubtful debts @ 5% is to be created on debtors of book value of ₹ 40,000.

e) Unrecorded investment worth ₹ 10,000.

f) A creditor of ₹ 1,000 is not likely to be claimed, hence, is to be written back.

Pass necessary Journal entries.

Solution:-

Here is the list of all Solutions of Retirement of Partners of TS Grewal class 12 CBSE 2023-24.

##### Anurag Pathak

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1. #### Kanishk

How did you calculate Provision on doubtful debts???

• #### Anurag Pathak

Debtors are of 40,000. it was missing in this book. I have updated.

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