[ISC] Q. 22 solution of Retirement of Partner TS Grewal Class 12 (2022-23)
Are you looking for the solution to Question number 22 of the Retirement of Partner Chapter of TS Grewal Book ISC Board 2022-23 session?
Krish, Drish and Harsh were carrying on business in partnership sharing profits and losses in the ratio of 3 : 2 : 1. On 31st March, 2022, Balance Sheet of the firm stood as follows:
| Liabilities | ₹ | Assets | ₹ |
| Sundry Creditors Capital A/cs: Krish Drish Harsh | 13,590 15,000 10,000 10,000 | Cash Debtors Stock Building | 5,900 8,000 11,690 23,000 |
| 48,590 | 48,590 |
Drish retired on 1st April, 2022 on the following terms:
(i) Building be appreciated by ₹ 7,000.
(ii) Provision for Doubtful Debts be made @ 5% on Debtors.
(iii) Goodwill of the firm be valued at ₹ 9,000.
(iv) ₹ 5,000 be paid to Drish immediately and the balance due to him be treated as a loan carrying interest @ 6% p.a.
Pass Journal entries to record the above-mentioned transactions and show Balance Sheet of the firm as it should appear immediately after Drish’s retirement.
Solution:-
Here is the list of all solutions of Retirement of Partners TS grewal ISC class 12 (2022-23)
| 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 |
| S.N | Solutions |
| 31 | Question – 31 |
| 32 | Question – 32 |
| 33 | Question – 33 |
| 34 | Question – 34 |
| 35 | Question – 35 |
| 36 | Question – 36 |
| 37 | Question – 37 |
| 38 | Question – 38 |
| 39 | Question – 39 |
| 40 | Question – 40 |
| S.N | Solutions |
| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
| 44 | Question – 44 |
| 45 | Question – 45 |
| 46 | Question – 46 |
| 47 | Question – 47 |
