[CBSE] Q. 10 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

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Solution to Question number 10 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Mahi and Rajat were in partnership sharing profits and losses in the ratio of 4 : 3. They admitted Kripa as a new partner. Kripa brought ₹ 60,000 as her share of goodwill premium which was entirely credited to Mahi’s Capital Account. On the date of admission, goodwill of the firm was valued at ₹ 4,20,000. Calculate the new profit-sharing ratio of Mahi, Rajat, and Kripa.

[Ans.: New Ratio of Mahi, Rajat and Kripa = 3 : 3 : 1.]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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