[ISC] Q. 87 Solution of Admission of Partner TS Grewal Accounts Class 12 (2024-25)

Solution to Question number 87 of the Admission of partner chapter 3 of TS Grewal Book 2024-25 Edition ISC/CISCE Board.

Ashish and Akash are partners in a firm sharing profits in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2023 was as under:

Solution:-

Journal

Particulars	Dr.	Cr.
Cash A/c Dr.	30,450
To Namrata’s Capital A/c To Premium for Goodwill A/c (Being Namrata bring her amount of capital and share of goodwill)		23,450 7,000

Particulars	Dr.	Cr.
Premium for Goodwill A/c Dr.	7,000
To Ashish’s Capital A/c To Akash’s Capital A/c (Being premium for goodwill transferred to Partner’s capital A/cs in their sacrificing ratio, i.e., 9 : 1)		6,300 700

Here is the list of all Solutions of Admission of Partners of TS Grewal class 12 ISC Board 2024-25.

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