[ISC] Q. 27 Solution of Admission of Partner TS Grewal Accounts Class 12 (2024-25)

Solution to Question number 27 of the Admission of partner chapter 3 of TS Grewal Book 2024-25 Edition ISC/CISCE Board.

Sachin and Kapil are partners sharing profits and losses in the ratio of 2 : 3. On 1st April, 2024, they admit Amit into partnership for 1/4th share in profits. Amit brought ₹ 2,00,000 for his capital and ₹ 36,000 as premium for his share in the profits. The new profit sharing ratio of Sachin, Kapil and Amit is agreed to be 3 : 3 : 2. Sachin Kapil withdraw the premium for goodwill from the business.

Pass necessary Journal entries when the firm follows Fixed Capital Accounts Method.

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Solution:-

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

S.N	Questions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
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10	Question – 10

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11	Question – 11
12	Question – 12
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14	Question – 14
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16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

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25	Question – 25
26	Question – 26
27	Question – 27
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30	Question – 30

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40	Question – 40

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71	Question – 71
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76	Question – 76
77	Question – 77
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79	Question – 79
80	Question – 80

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81	Question – 81
82	Question – 82
83	Question – 83
84	Question – 84
85	Question – 85
86	Question – 86
87	Question – 87
88	Question – 88
89	Question – 89