[CBSE] Q. 42 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

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Solution to Question number 42 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Arun and Vijay are partners in a firm sharing profits & loss in the ratio of 3 : 2.

LiabilitiesAssets
Machinery2,00,000

If the value of machinery in the Balance Sheet is excess by 33 and 1/3%, find the value of machinery to be shown in the New Balance Sheet.

[Ans.: ₹ 1,50,000.]

Solution:-

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Anurag Pathak
Anurag Pathak

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