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Solution of Q 25 Admission of Partner TS Grewal 2022-23 [CBSE]

Question 25 of 86Chapter 5Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 25, Chapter 5 Admission of a Partner, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.

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Question 25

Adil and Bhavya are partners sharing profits and losses in the ratio of 7 : 5. They admit Cris, their Manager, into partnership who is to get 1/6th share in the business. Cris brings ₹ 1,00,000 for his capital and ₹ 36,000 for the 1/6th share of goodwill which he acquires 1/24th from Adil and 1/8th from Bhavya. Profit for the first year of the new partnership was ₹ 2,40,000. Pass necessary Journal entries for Cris’s admission and apportion the profit between the partners.

TS Grewal Class 12 Admission of a Partner Question 25

Solution

Solution of Q 25 Admission of a Partner TS Grewal 2022-23 part 1
Solution of Q 25 Admission of a Partner TS Grewal 2022-23 part 2
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About this solution

This is Chapter 5 Admission of Partner of TS Grewal Edition 2022-23.

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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