[ISC] Q. 4 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Solution to Question number 4 of the Admission of partner chapter 3 of TS Grewal Book 2023-24 Edition ISC/CISCE Board.

Red and White are two partners sharing profits and losses equally. They admit Black as a new partner for 25% share. In future, profit-sharing ratio between Red and White will be 3 : 2. Determine new profit sharing ratio.

Solution:-