[CBSE] Q 36 DK Goel Admission of a Partner Solutions Class 12 (2024-25)
The solution of Question number 36 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2024-25)
Q. 36. A, B and C were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. They admit C into partnership with 1/4th share which he acquires from A and B in the ratio of 2 : 1. On D’s admission the goodwill of the firm is valued at ₹ 6,00,000. However, D is unable to bring his share of goodwill in cash.
Pass necessary journal entry and also calculate the new profit sharing ratio.
[Ans. New Ratio 4 : 3 : 2 : 3. ]
Solution:-
