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[ISC] Q. 39 Solution of Admission of Partner TS Grewal ISC 2023-24 Edition

Question 39 of 89Chapter 3Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 39, Chapter 3 Admission of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 39

Abek and Aman are partners sharing profits and losses in the ratio of 3 : 1. They admit Anand as partner who pays ₹ 30,000 as capital. Anand is to bring cash for his share of goodwill. The new ratio is to be 3 : 1 : 1. Goodwill of the firm is to be based on 3 years’ purchase of the average of 4 years’ profits which were ₹ 15,000; ₹ 12,000; ₹ 18,000 and ₹ 19,000. Goodwill Account exists in the books at ₹ 4,000.

Pass necessary Journal entries.

TS Grewal Class 12 Admission of Partner Question 39

Solution

Solution of Q 39 Admission of Partner TS Grewal 2023-24 part 1
Solution of Q 39 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 39 Admission of Partner TS Grewal 2023-24 part 3
Solution of Q 39 Admission of Partner TS Grewal 2023-24 part 4
Solution of Q 39 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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