[CBSE] Q. 18 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

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Solution to Question number 18 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Gold and Silver are partners sharing profits and losses in the ratio of 2 : 5. They admit copper on the condition that he will bring ₹ 14,000 as his share of goodwill to be distributed between Gold and Silver. Copper’s share in the future profits or losses will be 1/4th. What will be the new profit sharing ratio and what amount of goodwill brought in by Copper will be received by Gold and Silver?

[Ans.: Gold will get ₹ 4,000; Silver will get ₹ 10,000; New Profit-sharing Ratio – 6 : 15 : 7.]

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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