[ISC] Q. 70 Solution of Admission of Partner TS Grewal Accounts Class 12 (2026-27)

Solution to Question number 70 of the Admission of partner chapter 3 of TS Grewal Book 2026-27 Edition ISC/CISCE Board?

Hemant and Hira are partners, sharing profits in the ratio of 3/5 : 2/5. They admit Hitashi as partner on 1st April, 2023. Their Balance Sheet as at 31st March, 2023 was as follows:

Solution:-