[ISC] Q. 30 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Share your love

Solution to Question number 30 of the Admission of partner chapter 3 of TS Grewal Book 2023-24 Edition ISC/CISCE Board.

Nidhi and Preeti are partners sharing profits and losses in the ratio of 3 : 2. They admit Gurman into the firm for 1/4th share in profits which he gets 1/6th from Nidhi and 1/12th from Preeti. Gurman brings in 60% of his share of firm’s goodwill. Goodwill of the firm is valued at ₹ 1,00,000. Pass necessary Journal entries to record this arrangement.

commerceschool.in

Solution:-

Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 7390

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending now

Assertion Reason MCQs of Accounting for Partnership Firm Fundamentals with answers Class 12
[ISC] TS Grewal Solutions Accounts class 12 (2022-23)
[CBSE] TS Grewal Solutions Class 12 [2023-24] Accounts
[CBSE] TS Grewal Solutions Class 12 (2022-23) Accounts
x