[CBSE] Q. 44 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

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Solution to Question number 44 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

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

i) Unrecorded Investments of ₹ 20,000 are to be accounted.

ii) Unrecorded liability towards suppliers for ₹ 5,000 is to be accounted.

iii) An item of ₹ 1,600 included in Sundry Creditors is not likely to be claimed and hence should be written back.

Solution:-

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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 for free lectures

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