DK Goel Solutions Q 70 Chapter 3 Admission of a Partner Class 12 CBSE [2023-24]
Step-by-step solution of Question 70, Chapter 3 Admission of a Partner, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 70
A, B and C were partners in a firm sharing profits in the ratio of 2 : 1 : 1. Their respective capitals were A ₹ 3,00,000; B ₹ 2,00,000 and C ₹ 1,80,000. On 1st April, 2022 they admitted D as a new partner. D brought ₹ 2,00,000 for his capital and necessary amount for his share of goodwill premium. The new profit sharing ratio between A, B, C and D will be 1 : 2 : 1 : 1.
Pass necessary journal entries for the above transactions in the books of the firm on D’s admission.
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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