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Solution of Q 17 Retirement of Partner TS Grewal 2023-24 [CBSE]

Question 17 of 60Chapter 5Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 17, Chapter 5 Retirement of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 17

A, B and C are partners sharing profits in the ratio of 4/9 : 3/9 : 2/9. B retires and his capital after making adjustments for reserves and gain (profit) on revaluation stands at ₹ 1,39,200. A and C agreed to pay him ₹ 1,50,000 in full settlement of his claim. Record necessary Journal entry for adjustment of goodwill if the new profit-sharing ratio is decided at 5 : 3.

TS Grewal Class 12 Retirement of a Partner Question 17

Solution

Solution of Q 17 Retirement of a Partner TS Grewal 2023-24 part 1
Solution of Q 17 Retirement of a Partner TS Grewal 2023-24 part 2
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Solution of Q 17 Retirement of a Partner TS Grewal 2023-24 part 3
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About this solution

This is Chapter 5 Retirement of Partner of TS Grewal Edition 2023-24.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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