[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

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