[ISC] Q. 49 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)
Solution to Question number 49 of the Admission of partner chapter 3 of TS Grewal Book 2023-24 Edition ISC/CISCE Board.
Following was the Balance Sheet of X and Y who were sharing profit 2/3rd and 1/3rd as at 31st March, 2023:
![](https://commerceschool.in/wp-content/uploads/2023/07/q49-1024x338.webp)
![](https://commerceschool.in/wp-content/uploads/2023/07/q491-1024x265.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2023/07/1-18.webp)
![](https://commerceschool.in/wp-content/uploads/2023/07/3-10-1024x497.webp)
![](https://commerceschool.in/wp-content/uploads/2023/07/2-16-1024x296.webp)
![](https://commerceschool.in/wp-content/uploads/2023/07/4-8-1024x446.webp)
![](https://commerceschool.in/wp-content/uploads/2023/07/5-4.webp)
Note:- In the absence of any further information sacrificing ratio is always equal to old profit sharing ratio i.e., 2 : 1.