[ISC] Q. 11 Retirement of Partner TS Grewal Solution Class 12 (2026-27)
Solution to Question number 11 of the Retirement of Partner Chapter of TS Grewal Book ISC Board 2026-27 session?
Jaspal, Rakesh and Anil were partners sharing profits in the ratio of 5: 3: 2. Anil retired and on his retirement goodwill of the firm is valued at 7,50,000.
Following entry is passed for adjustment of goodwill.
Jaspal’s Capital A/c …Dr. ₹ 90,000
Rakesh’s Capital A/с …Dr. र 60,000
To Anil’s Capital A/c ₹ 1,50,000
(Being the share of goodwill of retiring partner adjusted)
What will be the New Profit-sharing Ratio of Jaspal and Rakesh?
Solution:
