[CBSE] Q. 51 Solution of Admission of Partner TS Grewal Accounts Class 12 (2025-26)

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Solution to Question number 51 of the Admission of Partner chapter 5 of TS Grewal Book 2025-26 Edition CBSE Board?

Give the Journal entry in the following cases:

(a) To distribute ‘Workmen Compensation Reserve’ of ₹ 90,000 at the time of admission of R, when there is no claim against it. The firm has two partners P and Q.

(b) To distribute ‘Investment Fluctuation Reserve’ if ₹ 60,000 at the time of admission of R, when is a claim of ₹60,000 against it. The firm has two partners, P and Q.

(c) To distribute ‘Investment Fluctuation Reserve’ of ₹ 60,000 at the time of admission of R, when Investments (market value ₹ 2,85,000) exists at ₹ 3,00,000. The firm has two partners, P and Q.

(d) To distribute ‘General Reserve’ of ₹ 60,000 at the time of admission of R, when ₹ 15,000 from General Reserve is to be transferred to Investment Fluctuation Reserve. The firm has two partners, P and Q.

[Hints: (a) Credit P and Q with ₹ 45,000 each; (b) Credit P and Q with ₹ 15,000 each; (c) Credit P and Q with ₹ 22,5000 each; (d) Credit P and Q with ₹ 22,500 each.]

Solution:-

Here is the list of all Solutions of Admission of Partners of TS Grewal class 12 CBSE 2025-26.

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78Question – 78
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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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