[CBSE] Q 20, 21 DK Goel Admission of a Partner Solutions Class 12 (2026-27)

Here are the solutions of Question number 20, 21 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2026-27)

Q. 20 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Pass journal entries and find out new profit sharing ratios when: (a) Goodwill is retained in the firm; (b) goodwill is withdrawn by old partners.

[Ans. New Profit sharing ratio = 6 : 4 : 2 : 3.]

Solution:-

Q. 21. P and Q are partners sharing profits and losses in the ratio of 2 : 1. They admit R into partnership for 4/9th share in profits which he acquires equally from P and Q. R brings in cash ₹ 2,50,000 as capital and ₹ 1,80,000 as goodwill.

Pass journal entries and find out new profit sharing ratios.

[Ans. New profit sharing ratio is 4 : 1 : 4.]

Solution:-