[CBSE] Q. 46 Solution of Admission of Partner TS Grewal Class 12 (2024-25)

Solution to Question number 46 of the Admission of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board?

At the time of admission of a partner Suresh, assets and liabilities of Ramesh and Naresh were revalued as follows:

a) A Provision for Doubtful Debts @ 10% was made on Sundry Debtors (Sundry Debtors ₹ 50,000).

b) Creditors were written back by ₹ 5,000.

c) Building was appreciated by 20% (Books value of Building ₹ 2,00,000).

d) Unrecorded Investments were valued at ₹ 15,000.

e) A provision of ₹ 2,000 was made for an Outstanding Bill for repairs.

f) Unrecorded Liability towards suppliers was ₹ 3,000.

Pass necessary Journal entries.

Solution:-

Here is the list of all Solutions of Admission of Partners of TS Grewal class 12 CBSE 2024-25.

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1	Question – 1
2	Question – 2
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4	Question – 4
5	Question – 5
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46	Question – 46
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50	Question – 50

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71	Question – 71
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