[CBSE] Q 24, 25 DK Goel Admission of a Partner Solutions Class 12 (2026-27)

Here are the solutions of Question number 24, 25 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2026-27)

Q. 24. Anju and Manju are partners, sharing profits and losses in the proportion of 7 : 5. They agreed to admit Meenu, their manager, into partnership, who is to get one sixth share in the business. Meenu brings in ₹ 2,00,000 for her capital and ₹ 96,000 for 1/6th share of goodwill which she acquires 1/24th from Anju and 1/8th from Manu. The profit for the first year of the new partnership amount to ₹ 4,80,000.

Make the necessary Journal entries in connection with Meenu’s admission and divide the profit between the partners.

[Ans. New profit sharing Ratio 13 : 7 : 4; Profit : Anju ₹ 2,60,000; Manu ₹ 1,40,000 and Meenu ₹ 80,000.]

Solution:-

Q. 25. X and Y share profits and losses in the ratio of 3 : 2. They admit Z as a partner who pays ₹ 72,000 as premium for goodwill for 1/4th share in the future profits of the firm.

Pass Journal entries appropriating the premium money and show the new profit sharing ratio in each of the following cases:

(i) if he acquires his share of profits in the original ratio of existing partners.

(ii) if he acquires his share of profits in equal proportions from the existing partners.

(iii) if he acquires his share in the ratio of 2 : 3 from the existing partners.

(iv) if he acquires his share of profits as 7/32th from X and 1/32th from Y.

[Ans. New Ratio : Case (i) 9 : 6 : 5, Case (ii) 19 : 11 : 10, Case (iii) 2 : 1 : 1, Case (iv) 61 : 59 : 40

Sacrificing Ratio for goodwill distribution:

Case (i) 3 : 2, Case (ii) 1 : 1, Case (iii) 2 : 3, Case (iv) 7 : 1]

Solution:-