[CBSE] Q 22, 23 DK Goel Admission of a Partner Solutions Class 12 (2026-27)

Here are the solutions of Question number 22, 23 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2026-27)

Q. 22. 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 Half of the amount of goodwill is withdrawn by the old partners.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:-

Q. 23. K and Y were partners in a firm sharing profits in 3 : 2 ratio. They admitted Z as a new partner for 1/3rd share in the profits of the firm. Z acquired his share from K and Y in 2 : 3 ratio. Z brought ₹ 80,000 for his capital and ₹ 30,000 for his 1/3rd share as premium. Calculate the new profit sharing ratio of K, Y and Z and pass necessary journal entries for the above transactions in the books of the firm.

[Ans. New profit sharing ratio of K, Y and Z = 7 : 3 : 5.]

Solution:-