Q17 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!

Q17. A, B and C are partners sharing profits in the ratio of 4/9 : 3/9 : 2/9. B retires and his capital after making adjustments for reserves and gain (profit) on revaluation stands at ₹ 1,39,200. A and C agreed to pay him ₹ 1,50,000 in full settlement of his claim. Record necessary Journal entry for adjustment of goodwill if the new profit sharing ratio is decided at 5 : 3.

SOLUTION:

How CommerceNinjas Can Help You Score 90%+ In Commerce?

At CommerceNinjas we are dedicated to making the best and most student friendly content in the field of 11th and 12th Commerce. We provide lectures, notes, cheatsheets, planners and a lot of other resources to help you ace your CBSE Commerce.

Check out our YouTube channel for free lectures and content and our Instagram page for kuch zyada funny memes.

Chalo ab padhlo 😉

More TS Grewal Class 12 Accountancy Solutions for Retirement of a Partner

Serial No	Question
1	Question 1
2	Question 2
3	Question 3
4	Question 4
5	Question 5
6	Question 6
7	Question 7
8	Question 8
9	Question 9
10	Question 10
11	Question 11
12	Question 12
13	Question 13
14	Question 14
15	Question 15
16	Question 16
17	Question 17
18	Question 18
19	Question 19
20	Question 20
21	Question 21
22	Question 22
23	Question 23
24	Question 24
25	Question 25
26	Question 26
27	Question 27
28	Question 28
29	Question 29
30	Question 30
31	Question 31
32	Question 32
33	Question 33
34	Question 34
35	Question 35
36	Question 36
37	Question 37
38	Question 38
39	Question 39
40	Question 40
41	Question 41
42	Question 42
43	Question 43
44	Question 44
45	Question 45
46	Question 46
47	Question 47
48	Question 48
49	Question 49
50	Question 50
51	Question 51
52	Question 52
53	Question 53
54	Question 54
55	Question 55
56	Question 56
57	Question 57