[CBSE] Q 33 DK Goel Admission of a Partner Solutions Class 12 (2024-25)
The solution of Question number 33 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2024-25)
Q. 33. Ram and Rahim are partners in a firm sharing profits in the ratio of 3 : 2. On April 1, 2023 they admit Raj as a new partner for 3/13th share in the profits. The new ratio will be 5 : 5 : 3. Raj contributed the following assets towards his capital and for his share of goodwill : Land ₹ 2,50,000; Plant and Machinery ₹ 1,50,000; Stok ₹ 80,000 and Debtors ₹ 70,000. On the date of admission of Raj, the goodwill of the firm was valued at ₹ 5,20,000. Record necessary journal entries in the books of the firm.
[Ans. Premium for Goodwill ₹ 1,20,000 will be credited to Ram and Rahim in the sacrifice ratio of 14 : 1.]
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