[CBSE] Q. 36 Solution of Admission of Partner TS Grewal Class 12 (2024-25)

Solution to Question number 36 of the Admission of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board?

Anil and Sunil are partners in a firm with fixed capitals of ₹ 3,20,000 and ₹ 2,40,000 respectively. They admitted Charu as a new partner for 1/4th share in the profits of the firm on 1st April 2012. Charu brought ₹ 3,20,000 as her share of capital.

Calculate value of goodwill and record necessary Journal entries.

[Ans.: (I) Dr. Bank A/c and Cr. Charu’s Capital A/c by ₹ 3,20,000; (ii) Dr. Charu’s Current A/c by ₹ 1,00,000; Cr. Anil’s Current A/c by ₹ 50,000 and Sunil’s Current A/c by ₹ 50,000. Hidden Goodwill by ₹ 4,00,000.]

Solution:-

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

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