Solution of Q 43 Admission of Partner TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 43, Chapter 4 Admission of a Partner, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
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Question 43
Pass entries in the firm’s Journal for the following on admission of a partner:
- (i) Machinery be reduced by ₹ 16,000 and Building be appreciated by ₹ 40,000.
- (ii) A provision be created for Doubtful Debts @ 5% of Debtors amounting to ₹ 80,000.
- (iii) Provision for warranty claims be increased by ₹ 12,000.
- (iv) Furniture (Book Value ₹ 50,000) is to be reduced by 40%.
- (v) Furniture (Book Value ₹ 50,000) is to be reduced to 40%.
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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