[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.]
Solution:-
![](https://commerceschool.in/wp-content/uploads/2024/08/1-105-1024x453.webp)
![](https://commerceschool.in/wp-content/uploads/2024/08/2-74-1024x535.webp)
![](https://commerceschool.in/wp-content/uploads/2024/08/3-56-1024x478.webp)