[CBSE] Q 32 DK Goel Admission of a Partner Solutions Class 12 (2024-25)
The solution of Question number 32of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2024-25)
Q. 32. P and Q are partners sharing profits and losses as 2 : 3. R and S are admitted and profit sharing ratio becomes 3 : 4 : 3 : 2. Goodwill is valued at ₹ 3,00,000, R brings required goodwill and ₹ 2,00,000 cash for Capital. S brings in ₹ 1,00,000 cash and Motor Vehicle for ₹ 80,000 as his capital in addition to the required amount of goodwill in cash.
Show the necessary journal entries.
[Ans. Sacrificing Ratio 9 : 16.]
Solution:-
