Ts Grewal Solutions Chapter 5 - Admission of a Partner
Ts Grewal 2019 Solutions for Class 12 Chapter 5 Admission of a partner are provided here. All questions and Solutions from the Double Entry Book Keeping Ts Grewal 2019 Book of Class 12 Accountancy Chapter 5 Admission of a partner are provided here for you for free. You can just download the PDF file by just clicking on the download button given below.
Question 74:
A and B are partners in a firm sharing profits in the ratio of 3 : 2. They admit C as a partner on 1st April, 2019 on which date the Balance Sheet of the firm was:
| Liabilities | ₹ | Assets | ₹ | |
| Capital A/cs: | Building | 50,000 | ||
| A | 60,000 | Plant and Machinery | 30,000 | |
| B | 40,000 | 1,00,000 | Stock | 20,000 |
| Creditors | 20,000 | Debtors | 10,000 | |
| Bank | 10,000 | |||
| 1,20,000 | 1,20,000 | |||
