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[ISC] Q. 79 Solution of Admission of Partner TS Grewal ISC 2023-24 Edition

Question 79 of 89Chapter 3Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 79, Chapter 3 Admission of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 79

Arup and Rama are partners in a firm sharing profits in 2 : 1 ratio. They admitted Santanu for 1/4th share in profits on 1st April, 2023, Santanu was to bring ₹ 30,000 as capital and capitals of Arup and Rama were to be adjusted in the profit-sharing ratio on the basis of Santanu’s Capital. The Balance Sheet of Arup and Rama as at 31st March, 2023 (before Santanu’s admission) was as follows: (Balance Sheet total ₹ 1,27,000)

TS Grewal Class 12 Admission of Partner Question 79 part 1
TS Grewal Class 12 Admission of Partner Question 79 part 2

Solution

Solution of Q 79 Admission of Partner TS Grewal 2023-24 part 1
Solution of Q 79 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 79 Admission of Partner TS Grewal 2023-24 part 3
Solution of Q 79 Admission of Partner TS Grewal 2023-24 part 4
Solution of Q 79 Admission of Partner TS Grewal 2023-24 part 5
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Solution of Q 79 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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