DK Goel Solutions Q 56 Chapter 3 Admission of a Partner Class 12 CBSE [2023-24]
Step-by-step solution of Question 56, Chapter 3 Admission of a Partner, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 56
A and B sharing profits and losses in the ratio of 3 : 2 decide to admit C for 1/3rd share. On this date, their Balance Sheet disclosed the following items :
- Investments Fluctuation Reserve — ₹ 40,000
- Investments (at cost) — ₹ 3,00,000
Show the accounting treatment in the following cases :
- Case (i) If the market value of investments is ₹ 2,90,000
- Case (ii) If the market value of investments is ₹ 2,45,000
- Case (iii) If the market value of investments is ₹ 3,00,000
- Case (iv) If the market value of investments is ₹ 3,25,000
Solution
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About this solution
This is Chapter 3 Admission of a Partner of DK Goel For 2024 Examinations.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
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