[ISC] Q. 32 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Share your love

Solution to Question number 32 of the Admission of partner chapter 3 of TS Grewal Book 2023-24 Edition ISC/CISCE Board.

Arun, Arvind and Alok are in partnership sharing profits and losses in the ratio of 5 : 4 : 1. Two new partners Ankur and Aseem are admitted. The profits are to be shared in the ratio of 3 : 4 : 2 : 2 : 1 respectively. Ankur is to pay ₹ 90,000 for his share of goodwill but Aseem is unable to bring his share of Goodwill. Both the new partners introduced ₹ 1,20,000 each as their capital. Pass necessary Journal entries.

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: 6553

Leave a Reply

Your email address will not be published.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

x