Are you looking for the solution of Question number 18 of the Retirement of Partner Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 18 of the Retirement of Partner chapter is a practical one.
Solution of Question Number 18 of Retirement of Partner Chapter of TS Grewal Book 2021-22 Class 12
Question – 18
Hunny, Pammy, and Sunny are partners sharing profits in the ratio of 3:2:1. Goodwill is appearing in the books at a value of ₹ 60,000. Pammy retires and at the time of Pammy’s retirement, goodwill is valued at ₹ 84,000. Hanny and Sunny decided to share future profits in the ratio of 2:1. Record the necessary journal entries.