[CBSE] Q. 8 Death of Partner Solution TS Grewal Class 12 (2022-23)
A, B and C were partners sharing profits in the ratio of 3 : 2 : 1. The firm closes its books on 31st March every year. B died on 30th June, 2021. On his death, Goodwill of the firm was valued at ₹ 6,00,000. B’s share in profit or loss till the date of death was to be calculated on the basis of previous year’s profit which was ₹ 15,00,000 (Loss). Pass necessary Journal entries for goodwill and his share of loss.
Solution:-
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| 1 | Question – 1 |
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| 3 | Question – 3 |
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| 8 | Question – 8 |
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| 10 | Question – 10 |
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| 11 | Question – 11 |
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