[ISC] Q. 12 Retirement of Partner TS Grewal Solution Class 12 (2023-24)

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Solution to Question number 12 of the Retirement of Partner Chapter of TS Grewal Book ISC Board 2023 – 24 session?

Ashish, Naresh and Yogesh were partners in a firm sharing profits in the ratio of 3 : 2 : 1. Yogesh retires and the new profit sharing ratio between Ashish and Naresh was 1 : 2. On Yogesh’s retirement, goodwill of the firm was valued at ₹ 45,000. Pass necessary Journal entries for the treatment of goodwill on Yogesh’s retirement.

Solution:-

Working Notes:-

Here is the list of all solutions of Retirement of Partners TS grewal ISC class 12 (2023 – 24)

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