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DK Goel Solutions Q 21 Chapter 3 Admission of a Partner Class 12 CBSE [2023-24]

Question 21 of 91Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 21, Chapter 3 Admission of a Partner, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 21

L, M and N are partners sharing profits in the ratio of 3 : 2 : 1. They admit O into partnership. O brings in cash ₹ 4,50,000 as capital and ₹ 1,50,000 as goodwill for 1/5th share of profits. Pass journal entries and find out new profit sharing ratios when: (a) Goodwill is retained in the firm; (b) goodwill is withdrawn by old partners.

DK Goel Class 12 Admission of a Partner Question 21

Solution

Solution of Q 21 Admission of a Partner DK Goel 2023-24 part 1
Solution of Q 21 Admission of a Partner DK Goel 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 21 Admission of a Partner DK Goel 2023-24 part 3
Solution of Q 21 Admission of a Partner DK Goel 2023-24 part 4
Solution of Q 21 Admission of a Partner DK Goel 2023-24 part 5
12th Accounts Revision Book
Solution of Q 21 Admission of a Partner DK Goel 2023-24 part 6
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12th Accounts Revision Book

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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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