[CBSE] Q. 53 Solution of Retirement of Partner TS Grewal Class 12 (2025-26)

Solution to Question number 53 of the Retirement of Partner chapter 5 of TS Grewal Book 2025-26 Edition CBSE Board.

Meghna, Mehak and Mandeep were partners in a firm whose Balance Sheet as on 31st March, 2023 was as under:

Liabilities	₹	Assets	₹
Creditors	28,000	Cash	27,000
General Reserve	7,500	Debtors	20,000
Capitals: Meghna Mehak Mandeep	20,000 14,500 10,000	Stock	28,000
		Furniture	5,000
	80,000		80,000

Mehak retired on this date under following terms:

(i) To reduce stock and furniture by 5% and 1% respectively.

(ii) To provide for doubtful debts at 10% on debtors

(iii) Goodwill was valued at ₹ 12,000.

(iv) Creditors of ₹ 8,000 were settled at ₹ 7,100.

(v) Mehak should be paid off and the entire sum payable to Mehak shall be brought in by Meghna and Mandeep in such a way that their capitals should be in their new profit sharing ratio and a balance of ₹ 25,000 is maintained in the Cash Account.

Prepare Revaluation Account and Partner’s Capital Accounts of the new firm.

[Ans.: Loss on Revaluation – ₹ 3,000; Partner’s Capital Account: Meghna – ₹ 27,050; Mandeep – ₹ 27,050; Cash brought by Meghna – ₹ 7,550; Mandeep – ₹ 17,550; Cash paid to Mehak – ₹ 20,000; Gaining Ratio – 1 : 1.]

Solution:-

Here is the list of all Solutions of Retirement of Partners of TS Grewal class 12 CBSE 2025-26.

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