Admission of a partner| Class 12| TS.Grewal | Ch-4 Q 28 &Q 29|Treatment of goodwill Full Solution|

Admission of a partner| Class 12| TS.Grewal | Ch-4 Q 28 &Q 29|Treatment of goodwill Full Solution| | Session 2026-27 Instagram Link: https://www.instagram.com/manojsharma... 28. Adil and Bhavya are partners sharing profits and losses in the ratio of 7: 5. They admit Kamal into partnership who is to get 1/6th share of profit which he takes 1/24 from Adil and 1/8 from Bhavya. Kamal brings 1,00,000 for his capital and 36,000 for goodwill. Profit for the first year of the new partnership was 2,40,000. Pass necessary Journal entries for Kamal's admission and distribution of profit among the partners. [Ans.: Share of Profit: Adil-₹ 1,30,000; Bhavya-₹ 70,000; Kamal-₹ 40,000.] 29. X and Y are partners sharing profits in the ratio of 5: 3. Z is admitted as a partner for 3/10th share of profit, half of which was gifted by X and remaining share was taken by Z equally from X and Y. The goodwill of the firm is valued at 54,000. Z brings in his requisite share of firm's goodwill. The profit for the first year of new partnership amounts to ₹60,000. Pass the necessary Journal entries to adjust goodwill and to distribute profits. [Ans.: (i) Dr. Bank and Cr. Premium for Goodwill A/c by 8,100 (54,000 × 3/20); (ii) Dr. Premium for Goodwill A/c by 8,100; Cr. X's Capital A/c by 4,050; Y's Capital A/c by 4,050; (iii) Dr. Profit & Loss Appropriation A/c by 60,000; Cr. X's Capital A/c by 24,000; Y's Capital A/c by 18,000; Z's Capital A/c by 18,000; Sacrificing Ratio between X and Y = 1:1; New Profit-sharing ratio of X, Y and Z = 4:3:3.] Admission of a partner class 12 TS Grewal class 12 admission of partner Treatment of goodwill class 12 Goodwill adjustment entry class 12 TS Grewal chapter 4 Q28 & Q29 Admission of partner goodwill problem New partner goodwill treatment Class 12 accounts chapter 4 solution TS Grewal admission of partner solved Q28 Q29 ts grewal solution Partnership accounts class 12 Goodwill written off class 12 Hidden goodwill class 12 Sacrificing ratio gaining ratio Class 12 accounts board exam 2026 Accountancy chapter 4 numericals CBSE class 12 accounts solution TS Grewal Q28 Q29 full solution Admission of partner goodwill adjustment Class 12 board exam accounts important