Solution of Q 8 Death of a Partner TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 8, Chapter 6 Death of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 8
P, Q and R were partners in a firm sharing profits in the ratio of 3 : 2 : 1. P dies and the new profit-sharing ratio of Q and R was agreed to be equal. On P’s death, goodwill of the firm was valued at ₹ 60,000:
Pass the necessary entries for the treatment of goodwill under the following conditions:
- (a) When Goodwill Account is raised and written off.
- (b) When Goodwill Account is raised with P’s Share of goodwill and written off.
- (c) When goodwill is adjusted without opening Goodwill Account.
Solution
All questions of Chapter 6
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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.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.
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