Q27 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.

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Q27. X, Y and Z were equal partners in a firm. On 31st March, 2023, their Balances Sheet was as follows:

Liabilities	₹	Assets	₹
Creditors General Reserve Workmen Compensation Reserve Capital A/cs: X Y Z	77,000 26,000 32,000 60,000 40,000 20,000	Bank Debtors Stock Investments Furniture Machinery Profit & Loss A/c Advertisement Suspense A/c	47,000 23,000 1,10,000 17,000 10,000 35,000 11,000 2,000
	2,55,000		2,55,000

SOLUTION:

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