Q.18 Solution Retirement of Partner TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 18, Chapter 5 Retirement of a Partner, TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 18
Shivam, Kapil and Deepak are partners sharing profits in the ratio of 3 : 1 : 2. On 31st March, 2024, Kapil retired and his capital account after adjustments of reserve and profit on revaluation was ₹ 3,50,000. Shivam and Deepak paid him ₹ 4,20,000 in settlement of his claim. To settle his account, a computer of ₹ 4,20,000 was given to Kapil. Pass the necessary Journal entries in the books of the firm.
Solution
All questions of Chapter 5
Orange = this question · Grey = already opened.
About this solution
Looking for the Q.18 Solution Retirement of Partner TS Grewal Class 12 Accountancy book for the 2024-25 CBSE syllabus? You’ve come to the right place!
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We’ve used the correct format and steps required by CBSE guidelines. Simply follow our solutions, and you’ll be well-prepared to score good marks in your Accountancy Board Exam.
Don’t forget to bookmark this page and share it with your classmates who are also looking for reliable TS Grewal solutions for the 2024-25 academic year.
Stuck on this question? Ask Vijay Sir
Be the first to ask on this question.