[CBSE] Q. 45 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)
Solution to Question number 45 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?
X and Y are partners in a firm sharing profits in the ratio of 3 : 2. They admitted Z as a partner and fixed new profit sharing ratio as 3 : 2 : 1. At the time of admission of Z, Debtors and Provision for Doubtful Debts existed at ₹ 50,000 and ₹ 5,000 respectively. All debtors are good. Pass the necessary Journal entries.
Solution:-
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