[CBSE] Q. 54 Solution of Admission of Partner TS Grewal Class 12 (2024-25)
Solution to Question number 54 of the Admission of Partner chapter 5 of TS Grewal Book 2024-25 Edition CBSE Board?
X, Y and Z are equal partners with capitals of ₹ 15,000; ₹ 17,500 and ₹ 20,000 respectively. They agree to admit W into equal partnership upon payment in cash ₹ 15,000 for 1/4th share of the goodwill and ₹ 18,000 as his capital, both sums to remain in the business. The liabilities of the old firm were ₹ 30,000 and the assets, apart from cash, consist of Motors ₹ 12,000, Furniture ₹ 4,000, Stock ₹ 26,500 and Debtors ₹ 37,800. The Motors and Furniture were revalued at ₹ 9,500 and ₹ 3,800 respectively.
Pass Journal entries to give effect to the above arrangement and also show Balance Sheet of the new firm.
[Ans.: Loss on Revaluation – ₹ 2,700; Balance Sheet Total – ₹ 1,12,800.]
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 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
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| 17 | Question – 17 |
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| 33 | Question – 33 |
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| 41 | Question – 41 |
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| 53 | Question – 53 |
| 54 | Question – 54 |
| 55 | Question – 55 |
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| 61 | Question – 61 |
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| 64 | Question – 64 |
| 65 | Question – 65 |
| 66 | Question – 66 |
| 67 | Question – 67 |
| 68 | Question – 68 |
| 69 | Question – 69 |
| 70 | Question – 70 |
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| 71 | Question – 71 |
| 72 | Question – 72 |
| 73 | Question – 73 |
| 74 | Question – 74 |
| 75 | Question – 75 |
| 76 | Question – 76 |
| 77 | Question – 77 |
| 78 | Question – 78 |
