[CBSE] Q. 46 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

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Solution to Question number 46 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 for 1/4th share. At the time of admission of Z, Stock (Books value ₹ 1,00,000) is to be reduced by 40% and Furniture (Books Value ₹ 60,000) is to be reduced to 40%. Pass the necessary Journal entries.

Solution:-

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Anurag Pathak

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