Q14 Retirement of a Partner TS Grewal Solutions Class 12 Accountancy 2024-25

Welcome to CommerceNinja’s solutions for TS Grewal’s Class 12 Retirement of a Partner For the session 2024-25.

Our expertly crafted notes break down complex cash flow concepts into clear, manageable steps, ensuring you grasp both preparation and interpretation.

Designed to align perfectly with your curriculum, these solutions are ideal for exam preparation and enhancing your understanding of accounting.

Explore our detailed explanations and annotations to master the cash flow statement and boost your confidence in this essential area of accounting. Happy studying!

Q14. Aparna, Manisha and Sonia are partners sharing profits in the ratio of 3 : 2 : 1. Manisha retired and goodwill of the firm is valued at ₹ 1,80,000. Aparna and Sonia decided to share future profits in the ratio of 3 : 2. Pass necessary Journal entries.

SOLUTION:

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