[NCERT] Q 29 Admission of Partner Solutions Class 12
Solution of question number 29 Admission of Partner NCERT Accountancy solutions Class 12 CBSE Board.
Amit and Viney are partners in a firm sharing profits and losses in 3 : 1 ratio. on 1.1.2017 they admitted Ranjan as a partner. on Ranjan’s admission the profit and loss account of Amit and Viney showed a debit balance of Rs. 40,000. Record necessary journal entry for the treatment of the same.
![](https://commerceschool.in/wp-content/uploads/2024/08/q29-1-1024x129.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2024/08/1-62-1024x244.webp)