[CBSE] Q. 7 Death of Partner Solution TS Grewal Class 12 (2022-23)

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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.

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Anurag Pathak

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