[ISC] Q. 60 Solution of Admission of Partner TS Grewal Accounts Class 12 (2024-25)

Solution to Question number 60 of the Admission of partner chapter 3 of TS Grewal Book 2024-25 Edition ISC/CISCE Board.

Anuj, Karan and Arjun are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit Sahil as partner and share future profits and losses in the ratio of 3 : 3 : 3 : 1, with effect from 1st April, 2023. An extract of their Balance Sheet as at 31st March, 2023 is:

Liabilities	₹	Assets	₹
Investments Fluctuation Reserve	10,000	Investments (At Cost)	1,00,000

Show the accounting treatment of Investment Fluctuation Reserve under following alternative cases:

Case 1. When there is no other information.

Case 2. When Market value of investments is ₹ 1,00,000.

Case 3: When Market value of investments is ₹ 95,000.

Case 4: When Market value of investments is ₹ 85,000.

Case 5: When Market value of investments is ₹ 1,10,000.

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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1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
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80	Question – 80

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81	Question – 81
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84	Question – 84
85	Question – 85
86	Question – 86
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88	Question – 88
89	Question – 89