[CBSE] Q. 28 Solution of Retirement of Partner TS Grewal Class 12 (2023-24)

Solution to Question number 28 of the Retirement of Partner chapter 5 of TS Grewal Book 2023-24 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 (₹)
Land	5,50,000	8,50,000
Building	2,50,000	2,10,000
Computers	1,00,000	70,000
Computer Softwares	5,00,000	4,00,000
Sundry Creditors	70,000	60,000
Workmen Compensation Claim	–	5,000

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 2023-24.

S.N	Questions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Questions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Questions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

S.N	Questions
31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40

S.N	Questions
41	Question – 41
42	Question – 42
43	Question – 43
44	Question – 44
45	Question – 45
46	Question – 46
47	Question – 47
48	Question – 48
49	Question – 49
50	Question – 50

S.N	Questions
51	Question – 51
52	Question – 52
53	Question – 53
54	Question – 54
55	Question – 55
56	Question – 56
57	Question – 57
58	Question – 58
59	Question – 59
60	Question – 60