[CBSE] Q 29 DK Goel Admission of a Partner Solutions Class 12 (2024-25)
The solution of Question number 29 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2024-25)
Q. 29. X and Y are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership, Z paying a premium of ₹ 1,00,000 for 1/4th share of the profits while X and Y as between themselves sharing profits and losses equally. Give Journal entries.
[Ans. Premium for goodwill brought in by Z ₹ 1,00,000 will be divided by X and Y in their sacrificing ratio 9 : 1.]
Solution:-
