[ISC] Q. 12 Solution of Admission of Partner TS Grewal ISC 2023-24 Edition
Step-by-step solution of Question 12, Chapter 3 Admission of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.
Question 12
Anil, Apoorv, Pooja and Badal are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. Babu joins the partnership for 20% share and Anil, Apoorv, Pooja and Badal in future would share profits among themselves as 3/10 : 4/10 : 2/10 : 1/10. Calculate new profit-sharing ratio after Babu’s admission.

Solution



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About this solution
This is Chapter 3 Admission of a Partner of ISC TS Grewal Edition 2023-24.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.


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