[CBSE] Q. 22 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)
Solution to Question number 22 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?
Geeta and Sunita are partners in a firm sharing profits in the ratio of 3 : 2. They admit Anita as a new partner. The new profit sharing ratio between Geeta, Sunita and Anita will be 5 : 3 : 2. Anita brought in ₹ 25,000 for her share of premium for goodwill. Pass necessary Journal entries for the treatment of goodwill.
Solution:-
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