[ISC] Q. 85 Solution of Admission of Partner TS Grewal Accounts Class 12 (2026-27)

Solution to Question number 85 of the Admission of partner chapter 3 of TS Grewal Book 2026-27 Edition ISC/CISCE Board?

Amod and Subodh are partners sharing profits in the ratio of 3 : 2. They admit Pramod as a new partner from 1st April, 2023. They have decided to share future profits in the ratio of 4 : 3 : 3. The Balance Sheet as at 31st March, 2023 is given below:

Solution:-