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[ISC] Q. 28 Solution of Admission of Partner TS Grewal ISC 2023-24 Edition

Question 28 of 89Chapter 3Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 28, Chapter 3 Admission of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 28

Rao and Reddy are in partnership sharing profits and losses in the ratio of 5 : 3. Kutty is admitted as a partner paying ₹ 40,000 as capital and the necessary amount of goodwill which is valued at ₹ 60,000 for the firm. Half of the amount of goodwill is withdrawn by Rao and Reddy. Kutty’s share of profit is 1/5th of which he takes 1/10th from Rao and 1/10th from Reddy. Pass the necessary Journal entries to adjust goodwill.

TS Grewal Class 12 Admission of Partner Question 28

Solution

Solution of Q 28 Admission of Partner TS Grewal 2023-24 part 1
Solution of Q 28 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 28 Admission of Partner TS Grewal 2023-24 part 3
Solution of Q 28 Admission of Partner TS Grewal 2023-24 part 4
Solution of Q 28 Admission of Partner TS Grewal 2023-24 part 5
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Solution of Q 28 Admission of Partner TS Grewal 2023-24 part 6
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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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