[CBSE] Q 31, 32 DK Goel Admission of a Partner Solutions Class 12 (2026-27)

Here are the solutions of Question number 31, 32 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2026-27)

Q. 31. P and Q are partners sharing profits and losses as 2 : 3. R and S are admitted and profit sharing ratio becomes 3 : 4 : 3 : 2. Goodwill is valued at ₹ 3,00,000, R brings required goodwill and ₹ 2,00,000 cash for Capital. S brings in ₹ 1,00,000 cash and Motor Vehicle for ₹ 80,000 as his capital in addition to the required amount of goodwill in cash.

Show the necessary journal entries.

[Ans. Sacrificing Ratio 9 : 16.]

Solution:-

Q. 32. Champak and Raja were partners sharing profits and losses in the ratio of 3: 7. Varun was admitted on 1st April, 2025 as a new partner for 1/3rd share in the profits of the firm. Half of Varun’s share was gifted by Raja and the remaining share was purchased by Varun in the ratio of 2: 3 from Champak and Raja respectively.

Varun brought in ₹4,80,000 as Capital and his requisite share of Goodwill.
Firm’s goodwill was valued at 3,60,000. Net profit for the year ended 31st
March, 2026 amounted to 2,40,000.

Pass the necessary journal entries at the time of admission of the new
partner and for distribution of net profit.

[Ans. (i) Amount of goodwill brought in by Varun 1/6 of ₹3,60,000 = ₹60,000;
(ii) New Profit Sharing Ratio 7: 13: 10.]

Solution:-