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[ISC] Q. 34 Solution of Admission of Partner TS Grewal ISC 2023-24 Edition

Question 34 of 89Chapter 3Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 34, Chapter 3 Admission of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 34

Reema and Seema are partners with capitals of ₹ 50,000 each. They admit Sam as a partner with 1/4th share in the profits of the firm. Sam brings ₹ 80,000 as his share of capital. Profit and Loss Account showed a credit balance of ₹ 40,000 as on date of admission of Sam. Pass necessary Journal entries to record the goodwill.

TS Grewal Class 12 Admission of Partner Question 34

Solution

Solution of Q 34 Admission of Partner TS Grewal 2023-24 part 1
Solution of Q 34 Admission of Partner TS Grewal 2023-24 part 2
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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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