[CBSE] Q. 41 Solution of Admission of Partner TS Grewal Class 12 (2024-25)

Solution to Question number 41 of the Admission of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board?

Pass entries in the firm’s Journal for the following on admission of a partner:

i) Machinery be reduced by ₹ 16,000 and Building be appreciated by ₹ 40,000.

ii) A provision be created for Doubtful Debts @ 5% of Debtors amounting to ₹ 80,000.

iii) Provisions for warranty claims be increased by ₹ 12,000.

iv) Furniture (Books Value ₹ 50,000) is to be reduced by 40%.

v) Furniture (Books Value ₹ 50,000) is to be reduced to 40%.

Solution:-

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