Day - 124 | Solution of Questions 11 to 17 Retirement of a Partner Chapter 6 Accounts class 12 PSEB
Teacher:- Mr. Sarbjit Singh Video Editor:- Mr. Kuljeet Singh 00:00 Question No. 11 : X , Y and Z are sharing profit in the ratio of 9 : 7 : 4. Y retires. Amount due to Y on retirement on account of goodwill, was calculated to be Rs. 42,000. Calculate new and gaining ratio if a. X contributes Rs. 24,000 and Z Rs.18,000 to pay out Y. b. X contributes Rs. 12,000 and Z Rs. 30,000 to pay out Y. 06:49 Question No. 12 : M, N and O were partners sharing in 3: 2: 1. On the retirement of N. M and O decided to share equally in future. Goodwill valued at Rs. 60,000. Journalise. 9:00 Question No. 13 : A, B and Care partners in a firm sharing profits and losses in the ratio of 3:2:1. C retires from the firm and A and B decide to continue the business of the firm and share profits and losses in the old ratio. Goodwill of the firm is valued at Rs. 12,000 What will be the entries in the books of the firm. 11:11 Question No. 14 : L, M and O are partners, sharing profits and losses in the ratio of 4 : 3 : 2. M retires and the goodwill is valued at Rs. 72,000 Calculate M's share in goodwill and pass necessary journal entry for the same, without opening goodwill account. L and O decided to share future profits and losses in 5: 3 ratio. 16:15 Question No. 15 : A , B and C are partners , sharing profits and losses in the ratio of 4 :3 :3. On C's retirement the value of firm's goodwill was agreed at Rs. 30,000. A and B agreed to share future profit or losses in the ratio 7 : 3 respectively. Give necessary journal entries in relation to goodwill, without opening its account. 18:33 Question No. 16 : X, Y, and Z were partners in a firm, sharing profits in the ratio of 3:2:1. Z retired, the new profit sharing ratio between X and Y was 1:2. On Z's retirement, the goodwill of the firm was valued at Rs. 30,000. Pass necessary journal entry for the treatment of goodwill on Z's retirement without raising goodwill account. 21:53 Question No. 17 : P, R, and S are in partnership, sharing profits in the ratio of 4: 3: 1 respectively. It is provided in the partnership deed that, on the death of any partner, his share of goodwill is to be valued at half the profits credited to his account during the previous four completed years. Google Play Store App Link: https://clppaige.page.link/EhJq App Store App link:- https://apps.apple.com/us/app/classpl... Download Classplus App and use our ORG Code:- vagce !--------Book Solution TS Grewal---------! T S Grewal Part - l (a) https://tutorstips.com/t-s-grewals-bo... T S Grewal Part - l (b) https://tutorstips.com/t-s-grewals-bo... T S Grewal Part - ll https://tutorstips.com/t-s-grewals-bo... !--------Book Solution PSEB---------! Usha Publication Part- l:- https://tutorstips.com/usha-publicati... Usha Publication Part- ll:- https://tutorstips.com/usha-publicati... Unimax Publication https://tutorstips.com/accountancy-un... !--------Our Website link---------! https://tutorstips.com/ https://tutorstips.in/ !--------Check Business Studies Playlist--------! • Business Studies Class 12 CBSE PSEB ISC !--------Check Financial Accounting Playlist--------! • Financial Accounting Class 12 CBSE PSEB ICS !--------Like our Fb page---------! / tutorstips !--------Follow us on Instagram-------! / tutorstips !--------Follow us on Twitter--------! / tutors_tips !--------Follow us on LinkedIn--------! / tutorstips !--------Follow us on WhatsApp--------! +91 1882 359 783 Thanks for all your love n support. For any other details email - [email protected] Our partner https://www.freepik.com/ https://www.flaticon.com/ class 12 accounts chapter 5,tutorstips,partnership chapter,accounts book solution class 12,class 12 accounts class 12 solution,account class 12,Solution of Questions Retirement of a Partner,practicle problem Retirement of a Partner,Day - 123 | Solution of Questions 6 to 10 | Retirement of a Partner Chapter 6 Accounts class 12 PSEB,practical problems Retirement of a Partner #retirementofapartner #class12 #accounting
