[CBSE] Q 39, 40 DK Goel Admission of a Partner Solutions Class 12 (2026-27)
Solutions of Question number 39, 40 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2026-27)
Q. 39. X and Y are partners sharing profits in the ratio of 3 : 2. Goodwill appears in their balance sheet at ₹ 60,000. Z is admitted as a partner for 1/4th share in the profits. The total goodwill of the firm is valued at ₹ 2,00,000.
Pass journal entries if:
- Z can not bring in cash his share of goodwill.
- Z brings in cash his share of goodwill.
Hint. In both cases, goodwill appearing in the balance sheet at ₹ 60,000 will be written off between old partners in old ratio.
Solution:-
Note:- In the absence of any further information the sacrificing ratio is always equal to the old ratio.
Q. 40. A and B are partners sharing profits in the ratio of 3 : 2. They admit C into the firm for 3/7th profits (which he takes 2/7th from A and 1/7th from B) and brings ₹ 6,00,000 as premium out of his share of ₹ 7,20,000. Goodwill account does not appear in the books of A and B.
Hint. Premium for Goodwill A/c will be debited by ₹ 6,00,000 and Current Account of C will be debited by ₹ 1,20,000 and Capital Accounts of A and B will be credited by ₹ 4,80,000 and ₹ 2,40,000 respectively.
Solution:-
