[CBSE] Q 23 DK Goel Admission of a Partner Solutions Class 12 (2024-25)
The solution of Question number 23 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2024-25)
Q. 23. X and Y are partners sharing profits in the ratio of 4 : 3. Z joins partnership for 2/7th share in the profits (of which he acquires 3/4th from X and 1/4th from Y). Z brings in ₹ 3,00,000 for his capital and ₹ 1,20,000 for goodwill. Half of the amount of goodwill is withdrawn by the old partners.
Pass necessary Journal entries and find out new profit sharing ratio.
[Ans. New profit sharing ratio is 5 : 5 : 4.]
Solution:-
