[ISC] Q. 25 Retirement of Partner TS Grewal Solution Class 12 (2023-24)

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Solution to Question number 25 of the Retirement of Partner Chapter of TS Grewal Book ISC Board 2023 – 24 session?

Mohit, Sohan are Rahul are partners in a firm. Sohan retired from the firm on 1st April, 2023 and his claim including his capital and share of goodwill was ₹ 1,50,000. There was unrecorded furniture estimated at ₹ 7,500, half of which was given to settle unrecorded liability of ₹ 15,000 for ₹ 7,500 and remaining half given to Sohan at 10% less in part satisfaction of his claim. Balance of Sohan’s claim was paid by cheque. Give the Journal entries for the above.

Solution:-

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

S.NSolutions
1Question – 1
2Question – 2
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8Question – 8
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48Question – 48
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