[ISC] Q. 14 Retirement of Partner TS Grewal Solution Class 12 (2026-27)

Solution to Question number 14 of the Retirement of Partner Chapter of TS Grewal Book ISC Board 2026-27 session?

Vidit, Dhruv and Chand are partners sharing profits in the ratio of 4: 3: 2. Dhruv retires and goodwill of the firm is valued at18,000.

Pass Journal entry for the treatment of Goodwill on Dhruv’s retirement.

Solution:-