[ISC] Q. 31 Solution of Admission of Partner TS Grewal Accounts Class 12 (2024-25)

Solution to Question number 31 of the Admission of partner chapter 3 of TS Grewal Book 2024-25 Edition ISC/CISCE Board.

Tejas and Prem are partners in a firm sharing profits in the ratio of 2 : 1. They admitted Parul as a partner for 1/5th share in the profits of the firm. Parul brought ₹ 50,000 for her share of goodwill. Following entry is passed when Parul’s share of goodwill is credited to sacrificing partners.

Particulars	Dr. (₹)	Cr. (₹)
Premium for Goodwill A/c	50,000
To Tejas’s Capital A/c To Prem’s Capital A/c (Being Parul’s share of premium for Goodwill credited to sacrificing partners in their sacrificing ratio)		40,000 10,000

Determine the new profit-sharing ratio of Tejas, Prem and Parul.

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
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
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18	Question – 18
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20	Question – 20

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31	Question – 31
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50	Question – 50

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76	Question – 76
77	Question – 77
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80	Question – 80

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81	Question – 81
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84	Question – 84
85	Question – 85
86	Question – 86
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88	Question – 88
89	Question – 89