[CBSE] Q 22 DK Goel Admission of a Partner Solutions Class 12 (2024-25)
The solution of Question number 22 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2024-25)
Q. 22. 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:-
