[ISC] Q. 43 Solution of Admission of Partner TS Grewal Accounts Class 12 (2024-25)

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Solution to Question number 43 of the Admission of partner chapter 3 of TS Grewal Book 2024-25 Edition ISC/CISCE Board.

Yogesh, Mahesh and Ashish are partners sharing profits and losses in the ratio of 1 : 2 : 3. Nirdosh is admitted as a partner who brings ₹ 50,000 as his capital for 1/5th share in the profit. Goodwill of the firm is to be valued at an average of the last three financial years profits which were ₹ 62,500; ₹ 70,000 and ₹ 92,500 respectively. Nirdosh is unable to bring his share of premium for goodwill.

Give Jounral entries if goodwill already appears in the books at ₹ 60,000.

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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Anurag Pathak

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