[ISC] Q. 16 Retirement of Partner TS Grewal Solution Class 12 (2024-25)

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Solution to Question number 16 of the Retirement of Partner Chapter of TS Grewal Book ISC Board 2024-25 session.

Deepa, Neeru and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Neeru retired and the new profit-sharing ratio between Deepa and Shilpa was 2 : 3. On Neeru’s retirement, goodwill of the firm was valued at ₹ 1,20,000.

Record the necessary Journal entry for the treatment of goodwill.

Solution:-

Here is the list of all solutions of Retirement of Partners TS grewal ISC class 12 (2024-25)

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Anurag Pathak

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