Solution of Q 44 Retirement of Partner TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 44, Chapter 5 Retirement of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 44
X, Y and Z are partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 1st April, 2009, Y retires from the firm. X and Z agree that the capital of the new firm shall be fixed at ₹ 2,10,000 in the profit-sharing ratio. The Capital Accounts of X and Z after all adjustments on the date of retirement showed balance of ₹ 1,45,000 and ₹ 63,000 respectively. State the amount of actual cash to be brought in or to be paid to the partners.
Solution
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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.
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