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[ISC] Q. 14 Solution of Retirement of Partner TS Grewal ISC 2023-24 Edition

Question 14 of 48Chapter 4Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 14, Chapter 4 Retirement of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 14

Deepa, Neeru and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Neeru retired and the new profit-sharing ratio between Deepa and Shilpa was 2 : 3. On Neeru’s retirement, goodwill of the firm was valued at ₹ 1,20,000.

Record the necessary Journal entry for the treatment of goodwill.

TS Grewal Class 12 Retirement of Partner Question 14

Solution

Solution of Q 14 Retirement of Partner TS Grewal 2023-24 part 1
Solution of Q 14 Retirement of Partner TS Grewal 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 14 Retirement of Partner TS Grewal 2023-24 part 3
Solution of Q 14 Retirement of Partner TS Grewal 2023-24 part 4
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About this solution

This is Chapter 4 Retirement of Partner of ISC 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 Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.

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