[CBSE] Q. 32 solution of Retirement of Partner TS Grewal Class 12 (2026-27)

Solution to Question number 32 of the Retirement of Partner chapter 5 of TS Grewal Book 2026-27 Edition CBSE Board.

Naval, Nayaya and Nritya were partners in a firm sharing profits and losses in the ratio of 3 : 5 : 2. On 31st March, 2024, their Balance Sheet was as follows:

Liabilities	₹	Assets	₹
Capitals: Naval Nyaya Nritya	2,00,000 3,00,000 5,00,000	Land & Building
General Reserve	80,000	Plant & Machinery
Workmen’s Comp. Reserve	50,000	Furniture
Mrs. Naval’s Loan	2,00,000	Stock
Sundry Creditors	1,50,000	Sundry Debtors 95,000 Less: PDD 5,000	90,000
		Bank	70,000
		Deferred Revenue Expenditure	50,000
	14,80,000		14,80,000

On the same date, Nyaya retired from the firm on the following terms:

(i) Goodwill of the firm was valued at ₹ 1,20,000.

(ii) Land and Building was to be increased by ₹ 50,000.

(iii) Plant and Machinery will be decreased by 10%.

(iv) All debtors were good.

(v) Investments of ₹ 65,000 were unrecorded.

(vi) The liability of workmen’s compensation at ₹ 30,000.

(vii) Amount payable to Nyaya was transferred to his loan account.

Prepare Revaluation Account and Partner’s Capital Account on Nyaya’s retirement.

[Ans: Gain on Revaluation – ₹ 1,00,000, Partner’s Capital A/c: Naval – ₹ 2,09,000; Nritya’s ₹ 5,06,000; Nyaya’s Loan A/c -₹ 4,35,000.

Solution:-

Here is the list of all Solutions of Retirement of Partners of TS Grewal class 12 CBSE 2026-27.

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