[DK Goel] Q. 19, 20 Retirement of Partner Solutions Class 12 CBSE (2026-27)

Here are the solutions of Question number 19 and 20 of Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2026-27)

Q. 19. A, B and C are sharing profits in the ratio of 4 : 3 : 2. Goodwill is appearing in the books at a value of ₹ 42,000. C retires and on the day of C’s retirement Goodwill is valued at ₹ 63,000. Pass the necessary Journal entries.

[Ans. (i) Goodwill of ₹ 42,000 will be written off in 4 : 3 : 2; (ii) C’s share of Goodwill of ₹ 63,000 i.e., ₹ 14,000 will be adjusted into the Capital A/cs of A and B in gaining ratio of 4 : 3.]

Solution:-

Q. 20 (A). P, Q and R are equal partners. Goodwill is appearing in their books at ₹ 4,00,000. R retires and on the day of R’s retirement Goodwill is valued at ₹ 2,50,000. Pass the necessary journal entries.

Solution:-

Q. 20 (B) A, B and C are partners sharing profits and losses in the ratio of 2 : 2 : 1. C decided to retire and on this date goodwill of the firm is valued at ₹ 2,00,000. Pass entries when goodwill account is already appearing in the books at ₹ 1,50,000.

Solution:-