Solution of Q 28 Admission of Partner TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 28, Chapter 4 Admission of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 28
A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2022, their capitals were ₹ 8,000 and ₹ 10,000 respectively. On that date, they admit C in partnership and give him 1/4th share in the future profits. C brings ₹ 8,000 as his capital and ₹ 6,000 as goodwill. The amount of goodwill is withdrawn by the old partners in cash. Pass the Journal entries and show the Capital Accounts of all the Partners. Calculate proportion in which partners would share profits and losses in future.
Solution
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About this solution
This is Chapter 4 Admission of Partner of 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 CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.
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