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


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