[ISC] Q. 43 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)
Solution to Question number 43 of the Admission of partner chapter 3 of TS Grewal Book 2023-24 Edition ISC/CISCE Board.
Pass entries in firm’s Journal for the following on admission of a partner:
(i) Unrecorded Investments of ₹ 20,000.
(ii) Unrecorded liability towards suppliers for ₹ 5,000.
(iii) An item of ₹ 1,600 included in Sundry Creditors is not likely to be claimed and hence should be written back.
Solution:-
