[CBSE] Q 51 DK Goel Admission of a Partner Solutions Class 12 (2024-25)
The solution of Question number 51 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2024-25)
Q. 51. A, B and C are partners sharing profits in 2 : 2 : 1. On 1st April, 2023, they admitted Z for 1/4th share. On the date of admission, the following items appeared in their Balance Sheet:
| ₹ | |
| General Reserve | 1,50,000 |
| Workmen Compensation Reserve | 40,000 |
| Profit & Loss A/c | 60,000 |
| Advertisement Suspense A/c (Dr.) | 25,000 |
Pass necessary journal entries.
Solution:-
