Solution of Q 41 Admission of Partner TS Grewal 2022-23 [CBSE]
Step-by-step solution of Question 41, Chapter 5 Admission of a Partner, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.
Question 41
E and F were partners in a firm sharing profits in the ratio of 3 : 1. They admitted G as a new partner on 1st April, 2022 for 1/3rd share. It was decided that E, F and G will share future profits equally. G brought ₹50,000 in cash and machinery valued at ₹70,000 as premium for goodwill. Pass necessary Journal entries in the books of the firm.

Solution

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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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