DK Goel Solutions Q 34 Chapter 3 Admission of a Partner Class 12 CBSE [2023-24]
Step-by-step solution of Question 34, Chapter 3 Admission of a Partner, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 34
Ram and Rahim are partners in a firm sharing profits in the ratio of 3 : 2. On April 1, 2021 they admit Raj as a new partner for 3/13th share in the profits. The new ratio will be 5 : 5 : 3. Raj contributed the following assets towards his capital and for his share of goodwill : Land ₹ 2,50,000; Plant & Machinery ₹ 1,50,000; Stock ₹ 80,000 and Debtors ₹ 70,000. On the date of admission of Raj, the goodwill of the firm was valued at ₹ 5,20,000. Record necessary journal entries in the books of the firm.
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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