Q. 25 solution of Retirement of Partner Chapter TS Grewal Book Class 12 2021-22
Are you looking for the solution of Question number 25 of the Retirement of Partner Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 25 of the Retirement of Partner chapter is a practical one.
Solution of Question Number 25 of Retirement of Partner Chapter of TS Grewal Book 2021-22 Class 12
Question – 25
Punit, Ramit, and Akshit were partners sharing profits equally. Akshit retired on 1st April 2021. Punit and Ramit decided to continue the business and share profits in the ratio of 3:2. They also decided to give effect to the change in the value of assets and liabilities without changing their book value.
| Land | 5,50,000 | 8,50,000 |
| Building | 2,50,000 | 2,10,000 |
| Computers | 1,00,000 | 70,000 |
| Computers Softwares | 5,00,000 | 4,00,000 |
| Sundry Creditors | 70,000 | 60,000 |
| Workmen Compensation Claim | – | 5,000 |
Pass necessary Journal Entries.
Solution:-
| S.N | Admission of Partner |
| 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 | Admission of Partner |
| 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 | Admission of Partner |
| 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 | Admission of Partner |
| 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 |
