# Question 15 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-15 - CH-6 - Usha +2 Book 2018 - Solution

Question 15 Chapter 6 of +2-Part-1

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.

## The solution of Question 15 Chapter 6 of +2 Part-1: –

Day - 124 | Solution of Questions 11 to 17 Retirement of a Partner Chapter 6 Accounts class 12 PSEB

Total Goodwill of the firm (given ) =  Rs 30,000

 C’s share in total profit = 3 10
 C’s share in goodwill = 30,000 x 3 10 = Rs 9,000

Gaining ratio = New share – Old share

 A’s gain = 7 – 4 10 10 = 3 10
 B’s gain = 3 – 3 10 10 = Nil

Because the gain is to A so A will pay the C whole of his share in goodwill, i.e, Rs. 9,000

 Journal Date Particulars L.F. Debit Credit a) A’s capital A/c Dr. 9,000 To C’s capital A/c 9,000 (Being goodwill payable to C adjusted in A’s capital A/c )

Comment if you have any questions.

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 02 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 08 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 38 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 47 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 53 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 59 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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### Download a PDF of Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner):

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

## Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 2 Class 12 by Unimax Publication