Q. 20 solution of Retirement of Partner Chapter TS Grewal Book Class 12 2021-22

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Are you looking for the solution of Question number 20 of the Retirement of Partner Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?

Question number 20 of the Retirement of Partner chapter is a practical one.

Solution of Question Number 20 of Retirement of Partner Chapter of TS Grewal Book 2021-22 Class 12

Question – 20

M, N, and O are partners in firm sharing profits in the ratio of 3:2:1. Goodwill has been valued at ₹ 60,000. On N’s retirement, M and O agree to share profits equally. Pass the necessary Journal entry for treatment of N’s share of goodwill.

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