Question No 34 of TS Grewal (CBSE)
A and B are partners sharing profits in the ratio of 2:1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill existed in the books at Rs. 18,000. Pass Journal entries to give effect to the above arrangement.
Solution No 34 of TS Grewal (CBSE)