Question

chapter:- retirement of a partner, class 12th
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Answer 1

goodwill= 21,000

share of deepak = 3/9×21,000 = 7,000

divide 7000 in ratio of 4:2 or 2:1

debit manoj and naveen capital account and credit deepak's capital account

stock account.... Dr to revaluation 1350

revaluation account....dr to provision for doubtful debts

machinery..... Dr. to revaluation

revaluation account...dr to motorcycle 4500

deepak's capital account....dr to cash 2000

Answer 2

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