[CBSE] Q. 40 Solution of Retirement of Partner TS Grewal Class 12 (2024-25)

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Solution to Question number 40 of the Retirement of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board.

X, Y and Z are partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 1st April, 2009, Y retires from the firm. X and Z agree that the capital of the new firm shall be fixed at ₹ 2,10,000 in the profit sharing ratio. The Capital Accounts of X and Z after all adjustments on the date of retirement showed balance of ₹ 1,45,000 and ₹ 63,000 respectively. State the amount of actual cash to be brought in or to be paid to the partners.

[Ans.: New Capitals: X – ₹ 1,57,000; Z – ₹ 52,500: Cash brought in by X – ₹ 12,500; Cash withdrawn by Z – ₹ 10,500.]

Solution:-

Here is the list of all Solutions of Retirement of Partners of TS Grewal class 12 CBSE 2024-25.

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57Question – 57
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Anurag Pathak
Anurag Pathak

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