Solution of Q 41 Admission of Partner TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 41, Chapter 4 Admission of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 41
Chintan and Ayush are partners in a firm sharing profits and losses in the ratio of 3 : 2. They admitted Sudha as a new partner for 1/10th share in profits. Sudha brings ₹ 40,000 as premium for goodwill out of his share of ₹ 70,000. Goodwill already appears in the books at ₹ 40,000.
Pass the necessary Journal entries to record this arrangement in the follow will two cases:
Case 1. When the unpaid share of goodwill is adjusted through New Partner’s Current A/c.
Case 2. When goodwill is raised for the amount not brought by the new partner and is also written off.
Solution
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About this solution
This is Chapter 4 Admission of Partner of 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 CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.
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