[CBSE] Q. 7 Death of Partner Solution TS Grewal Class 12 (2022-23)
Are you looking for the solution of Question number 7 of the Death of Partner Chapter of TS Grewal Book 2022-23 Edition CBSE Board?
X, Y and Z were partners in a firm sharing profit in the ratio of 3 : 2 : 1. The firm closes its books on 31st March every year. Y died on 3oth June, 2022. On Y’s death, goodwill of the firm was valued at ₹ 60,000. Y’s share in the profit of the firm till the date of his death was to be calculated on the basis of previous year’s profit which was ₹ 1,50,000. Pass necessary Journal entries for goodwill and Y’s share of profit at the time of his death.
Solution:-
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1 | Question – 1 |
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3 | Question – 3 |
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7 | Question – 7 |
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12 | Question – 12 |
13 | Question – 13 |
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31 | Question – 31 |
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37 | Question – 37 |
38 | Question -38 |