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

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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.

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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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