[CBSE] Q. 55 Solution of Retirement of Partner TS Grewal Class 12 (2024-25)

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Solution to Question number 55 of the Retirement of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board.

Yogesh, Naresh and Pavesh were partners in a firm sharing profits in the ratio of 2 : 2 : 1. Naresh retired on 1st October, 2022. In terms of the Partnership Deed, financial statements were prepared as on date of retirement and profit was determined as ₹ 7,20,000.

a) Pass the Journal entries for distribution of profit for the period.

b) Pass the Journal entries if loss of ₹ 3,60,000 was incurred.

Solution:-

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

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1Question – 1
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51Question – 51
52Question – 52
53Question – 53
54Question – 54
55Question – 55
56Question – 56
57Question – 57
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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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