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DK Goel Solutions Q 69 Chapter 3 Admission of a Partner Class 12 CBSE [2023-24]

Question 69 of 91Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 69, Chapter 3 Admission of a Partner, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 69

Asin and Shreya are partners in a firm. They admit Ajay as a new partner with 1/5th share in the profits of the firm. Ajay brings ₹ 5,00,000 as his share of capital. The value of the total assets of the firm was ₹ 15,00,000 and outside liabilities were valued at ₹ 5,00,000 on that date. Give the necessary Journal entry to record goodwill at the time of Ajay’s admission. Also show your workings.

DK Goel Class 12 Admission of a Partner Question 69

Solution

Solution of Q 69 Admission of a Partner DK Goel 2023-24 part 1
Solution of Q 69 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 69 Admission of a Partner DK Goel 2023-24 part 3
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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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