[ISC] Q. 43 Solution of Admission of Partner TS Grewal Accounts Class 12 (2024-25)

Solution to Question number 43 of the Admission of partner chapter 3 of TS Grewal Book 2024-25 Edition ISC/CISCE Board.

Yogesh, Mahesh and Ashish are partners sharing profits and losses in the ratio of 1 : 2 : 3. Nirdosh is admitted as a partner who brings ₹ 50,000 as his capital for 1/5th share in the profit. Goodwill of the firm is to be valued at an average of the last three financial years profits which were ₹ 62,500; ₹ 70,000 and ₹ 92,500 respectively. Nirdosh is unable to bring his share of premium for goodwill.

Give Jounral entries if goodwill already appears in the books at ₹ 60,000.

Solution:-

Here is the list of all Solutions of Admission of Partners of TS Grewal class 12 ISC Board 2024-25.

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1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
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10	Question – 10

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11	Question – 11
12	Question – 12
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17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

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41	Question – 41
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43	Question – 43
44	Question – 44
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50	Question – 50

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60	Question – 60

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64	Question – 64
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66	Question – 66
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70	Question – 70

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71	Question – 71
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73	Question – 73
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75	Question – 75
76	Question – 76
77	Question – 77
78	Question – 78
79	Question – 79
80	Question – 80

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81	Question – 81
82	Question – 82
83	Question – 83
84	Question – 84
85	Question – 85
86	Question – 86
87	Question – 87
88	Question – 88
89	Question – 89