[CBSE] Q 53, 54 DK Goel Admission of a Partner Solutions Class 12 (2026-27)
Solutions of Question number 53, 54 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2026-27)
Q. 53. 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:-
Q. 54. A and B sharing profits and losses in the ratio of 3 : 2 decide to admit C for 1/3rd share. On this date, their Balance Sheet disclosed the following items:
| Investment Fluctuation Reserve | 40,000 |
| Investments (at cost) | 3,00,000 |
Show the accounting treatment in the following cases:
Case (i) If the market value of investments is ₹ 2,90,000
Case (ii) If the market value of investments is ₹ 2,45,000
Case (iii) If the market value of investments is ₹ 3,00,000
Case (iv) If the market value of investments is ₹ 3,25,000
[Ans.
Case (i) Capital Accounts of A and B credited by ₹ 30,000 in 3 : 2.
Case (ii) Capital Accounts of A and B debited by ₹ 15,000 in 3 : 2.
Case (iii) Capital Accounts of A and B credited by ₹ 40,000 in 3 : 2.
Case (iv) Capital Accounts of A and B credited by ₹ 40,000 + ₹ 25,000 in 3 : 2]
Solution:-
