[ISC] Q. 22 Retirement of Partner TS Grewal Solution Class 12 (2024-25)
Solution to Question number 22 of the Retirement of Partner Chapter of TS Grewal Book ISC Board 2024-25 session.
Alok, Ankit and Bipin are partners sharing profits and losses in the ratio of 3 : 2 : 1. Ankit retired on 1st April, 2023. Alok and Bipin will share future profits in the ratio of 3 : 2. They also decided to give effect by passing an adjustment entry of the following accumulated profits, losses and reserves without affecting their book values:
| Book Values (₹) | |
| General Reserve Contingency Reserve Profit & Loss A/c (Cr.) Advertisement Suspence A/c (Dr.) | 30,000; 5,000; 15,000; 20,000; |
Pass the necessary adjustment entry.
Solution:-
Working Notes:-
Here is the list of all solutions of Retirement of Partners TS grewal ISC class 12 (2024-25)
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Solutions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
| 28 | Question – 28 |
| 29 | Question – 29 |
| 30 | Question – 30 |
