[ISC] Q. 22 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Are you looking for the solution to Question number 22 of the Admission of partner chapter 3 of TS Grewal Book 2023-24 Edition ISC/CISCE Board?

Divya and Neha are partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit Angad into partnership for 1/5th share, Angad brings ₹ 30,000 as capital and ₹ 10,000 as goodwill. At the time of admission of Angad, goodwill exists in the Balance Sheet at ₹ 3,000. New Profit sharing ratio of the partners shall be 5 : 3 : 2. Pass the necessary entries.

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