Solution of Q 6 Death of a Partner TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 6, Chapter 6 Death of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 6
X, Y and Z were partners in a firm sharing profit in the ratio of 3 : 2 : 1. The firm closes its books on 31st March every year. Y died on 30th June, 2023. On Y’s death, goodwill of the firm was valued at ₹ 60,000. Y’s share in the profit of the firm till the date of his death was to be calculated on the basis of previous year’s profit which was ₹ 1,50,000.
Pass necessary Journal entries for goodwill and Y’s share of profit at the time of his death.
Solution
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About this solution
This is Chapter 6 Death of a 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.
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