[CBSE] Q. 44 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Solution to Question number 44 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Pass entries in firm’s Journal for the following on admission of a partner:

i) Unrecorded Investments of ₹ 20,000 are to be accounted.

ii) Unrecorded liability towards suppliers for ₹ 5,000 is to be accounted.

iii) An item of ₹ 1,600 included in Sundry Creditors is not likely to be claimed and hence should be written back.

Solution:-

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