P and Q were partners in a firm sharing profits in a ratio of 5 : 3. R was admitted for 1/4th share in the profits, of which he took 75% from P and the ...

30 апр. 2022 г. · Solution of Question Number 7 of Admission of Partner chapter 5 of Accounts TS Grewal Book CBSE 2022-23 Class 12 Here is the solution to it.

Question 7. Solution .7. DK Goel Solutions Class 12 Accountancy Chapter 4 Admission of a Partner-N-4.

Solutions for Chapter 3: Reconstitution of Partnership (Admission of Partner). Below listed, you can find solutions for Chapter 3 of Maharashtra State Board ...

Prepare Revaluation Accounts, Partner's Capital Account and Balance Sheet of the new firm. 7. The Balance Sheet of X and Y, who are partners sharing profits in ...

Chapter 5 – Admission of a Partner explains the below-mentioned concepts: Revaluation account, cash account and balance sheet; Calculation of ratios; Adjustment ...

The admission of the partner refers to the situation where an individual joins the existing partnership firm and the old partners agree to sacrifice their share ...

7. How will you deal with the accumulated profit and losses and reserves on the admission of a new partner? A new partner is not entitled to bear the ...

7. Secrecy: A partnership firm is not required to publish its annual accounts. Audit of accounts is not essential and no reports are to be filed with ...

A and B are partners sharing profits and losses in the proportion of 7:5. They agree to admit C, their manager, into partnership who is to get 1/6th share in ...