Q.No.14 | Chapter 6 – Retirement/Death of a Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Calculation of Gaining Ratio: -

Gaining Ratio = New Ratio - Old Ratio

P’s Sacrificing Share	=	4	-	5
		10		10
	=	4	-	5
		10
	=	1
		10

 

Q’s Gaining Share	=	3	-	3
		10		10
	=	3	-	3
		10
	=	Nil

 

R’s Gaining Share	=	3	-	1
		10		10
	=	3	-	1
		10
	=	2
		10

 

Firm’s Share of Goodwill =  4,20,000

P’s Share of Goodwill =  Firm’s Goodwill X P's Sacrificing Shares

P's Share of Goodwill	=	4,20,000	X	1
				10
	=	42,000

R’s Share of Goodwill =  Firm’s Goodwill X R's Gaining Shares

R's Share of Goodwill	=	4,20,000	X	2
				10
	=	84,000

 

S’s Share of Goodwill =  Firm’s Goodwill X S's Sacrificing Shares

S's Share of Goodwill	=	4,20,000	X	1
				10
	=	42,000

 

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
• Chapter No. 3 – Goodwill: Nature and Valuation
• Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 – Admission of a Partner
• Chapter No. 6 – Retirement/Death of a Partner
• Chapter No. 7 – Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 – Company Accounts –  Accounting for Share Capital
• Chapter No. 9 – Company Accounts – Issue of Debentures
• Chapter No. 10 – Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 – Financial Statements of a Company
• Chapter No. 2 – Financial Statement Analysis 
• Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
• Chapter No. 4 – Accounting Ratios
• Chapter No. 5 – Cash Flow Statement

 

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