[CBSE] Q. 79 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Solution to Question number 79 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Kalpana and Kanika were partners in a firm sharing profits in 3 : 1 ratio. They admitted Karuna as a partner for 1/4th share in future profits. Karuna was to bring ₹ 60,000 for his capital. The Balance Sheet of Kalpana and Kanika as at 1st April, 2023, the date on which C was admitted, was:

Solution:-

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