[CBSE] Q. 40 Solution of Retirement of Partner TS Grewal Class 12 (2023-24)

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Solution to Question number 40 of the Retirement of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Ashok, Bhaskar and Chaman were in partnership sharing profits and losses equally. ‘Bhaskar’ retires from the firm. After adjustments, his Capital Account shows a credit balance of ₹ 3,00,000 as on 1st April, 2019. Balance due to ‘Bhaskar’ is to be paid in three equal annual instalments along with interest @ 10% p.a. Prepare Bhaskar’s Loan Account until he is paid the amount due to him. The firm closes its books on 31st March every year.

Solution:-

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

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58Question – 58
59Question – 59
60Question – 60
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Anurag Pathak
Anurag Pathak

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