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[ISC] Q. 38 Solution of Admission of Partner TS Grewal ISC 2023-24 Edition

Question 38 of 89Chapter 3Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 38, Chapter 3 Admission of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 38

Vidya and Jyoti sharing profits equally admit Kalam for 1/5th share in profits. Kalam pays ₹ 50,000 for goodwill out of his share of ₹ 90,000. Goodwill exists in the Balance Sheet at ₹ 1,60,000. Pass Journal entries.

TS Grewal Class 12 Admission of Partner Question 38

Solution

Solution of Q 38 Admission of Partner TS Grewal 2023-24 part 1
Solution of Q 38 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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