[CBSE] Q 47, 48 DK Goel Admission of a Partner Solutions Class 12 (2026-27)
Solutions of Question number 47, 48 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2026-27)
Q. 47. Ayushi and Shrishti are partners sharing profits in 3 : 2. Their Balance Sheet showed Stock at ₹ 3,10,000; Machinery at ₹ 4,95,000; Debtors at ₹ 6,00,000; Creditors at ₹ 3,47,000. They admit Tina as a partner and new profit sharing ratio is agreed at 4 : 3 : 2. Following terms were agreed:
(i) Machinery is overvalued by 10%.
(ii) Unrecorded debtors of ₹ 20,000 be brought into books and provision for doubtful debts be created at 10%.
(iii) Creditors of ₹ 27,000 are not likely to be paid.
Shrishti’s share in loss on revaluation amounted to ₹ 36,000. You are required to calculate the revalued value of stock.
[Ans. Revalued value of stock ₹ 2,80,000.]
Solution:-
Q. 48. On Balance Sheet of a firm the date of admission of a new partner, the showed Debtors 5,00,000 and Provision for Doubtful Debts of ₹40,000.
You are required to pass necessary journal entries for treatment of Provision for Doubtful Debts on the date of admission in each of the following cases:
(i) Bad Debts amounted to 30,000.
(ii) Bad Debts amounted to 45,000.
[Ans. In the second case, Revaluation A/c will be debited by 5,000.]
Solution:-
