[CBSE] Q. 23 Solution of Admission of Partner TS Grewal Class 12 (2024-25)

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Solution to Question number 23 of the Admission of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board?

A and B are in partnership sharing profits and losses in the ratio of 5 : 3. C is admitted as a partner who pays ₹ 40,000 as capital and the necessary amount of goodwill which is valued at ₹ 60,000 for the firm. His share of profits will be 1/5th which he takes 1/10th from A and 1/10th from B.

Pass Journal entries and also calculate future profit sharing ratio of the partners.

[Ans.: New Profit Sharing Ratio – 21 : 11 : 8.]

Solution:-

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

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1Question – 1
2Question – 2
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5Question – 5
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11Question – 11
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60Question – 60
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61Question – 61
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63Question – 63
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71Question – 71
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74Question – 74
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76Question – 76
77Question – 77
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 and can download the Android & ios app for free lectures.

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