Скачать или смотреть #73, Admission of a Partner Class 12 | T.S Grewal Solutions | Gaurav Jain

Question: 73
A and B were partners sharing profits and losses in the ratio of 3:2. Their Balance Sheet as at 31st March, 2018 was as follows:
C was admitted as a new partner and brought ₹64,000 as capital and ₹15,000 for his share of goodwill premium. The new profit-sharing ratio was 5:3:2. On C’s admission, the following was agreed upon:
(i) Stock was to be depreciated by 5%.
(ii) Provision for doubtful debts was to be made at ₹2,000.
(iii) Furniture was to be depreciated by 10%.
(iv) Building was valued at ₹1,60,000.

ADMISSION OF A PARTNER Class 12 | T.S Grewal Solutions | Gaurav Jain
Accountancy class 12 chapter 4 admission of a partner

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