Q.38 Solution Retirement of Partner TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 38, Chapter 5 Retirement of a Partner, TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 38
Ram, Manohar and Joshi were partners in a firm. Manohar retired and his claim including his capital and share of goodwill was ₹ 1,80,000. There was an unrecorded furniture estimated at ₹ 9,000, half of which was given for an unrecorded liability of ₹ 18,000 in settlement of claim of ₹ 9,000 and remaining half was taken by Manohar at a discount of 10% in part satisfaction of his claim. Balance of Manohar’s claim was discharged by bank draft. Pass necessary Journal entries to record the above transactions.
Solution
All questions of Chapter 5
Orange = this question · Grey = already opened.
About this solution
Looking for the Q.38 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.