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[ISC] Q. 20 Solution of Admission of Partner TS Grewal ISC 2023-24 Edition

Question 20 of 89Chapter 3Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 20, Chapter 3 Admission of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 20

Bharat and Bhushan are partners in a firm sharing profits in the ratio of 2 : 1. On 1st April, 2023, their capitals are ₹ 2,00,000 and ₹ 1,00,000 respectively. On that date, they admitted Smriti as a partner for 1/5th share in profits. New profit-sharing ratio of Bharat, Bhushan and Smriti will be 3 : 1 : 1. Smriti brought ₹ 80,000 as her capital and ₹ 30,000 as her share of premium for goodwill.

Pass Journal entries and prepare Capital Accounts of all the Partners.

TS Grewal Class 12 Admission of Partner Question 20

Solution

Solution of Q 20 Admission of Partner TS Grewal 2023-24 part 1
Solution of Q 20 Admission of Partner TS Grewal 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 20 Admission of Partner TS Grewal 2023-24 part 3
Solution of Q 20 Admission of Partner TS Grewal 2023-24 part 4
Solution of Q 20 Admission of Partner TS Grewal 2023-24 part 5
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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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