[ISC] Q. 20 Solution of Admission of Partner TS Grewal Accounts Class 12 (2024-25)

Solution to Question number 20 of the Admission of partner chapter 3 of TS Grewal Book 2024-25 Edition ISC/CISCE Board.

Bharat and Bhushan are partners in a firm sharing profits in the ratio of 2 : 1. On 1st April, 2024, their capitals are ₹ 2,00,000 and ₹ 1,00,000 respectively. On that date, they admitted Smriti as a partner for 1/5th share in profits. New profit sharing ratio of Bharat, Bhushan and Smriti will be 3 : 1 : 1. Smriti brought ₹ 80,000 as her capital and ₹ 30,000 as her share of premium for goodwill.

Pass Journal entries and prepare Capital Accounts of all the Partners.

Solution:-

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

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1	Question – 1
2	Question – 2
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20	Question – 20

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81	Question – 81
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