Admission of a partner| Class 12| T.S.Grewal | Treatment of goodwill | Q 30 & Q 31| Session 2026-27

Admission of a partner| Class 12| T.S.Grewal | Treatment of goodwill | Q 30 & Q 31| Full Solution| Session 2026-27 Instagram Link : https://www.instagram.com/manojsharma... Premium for Goodwill brought in Kind 30. Ram and Mohan are partners in a firm sharing profits in the ratio of 3: 2. On 1st April, 2026, they admit Sohan as a partner for 1/4th share of the profits. Sohan contributed following assets towards his capital and for his share of goodwill: Stock 60,000; Debtors 80,000; Land 1,00,000, Plant and Machinery 40,000. On the date of admission of Sohan, the goodwill of the firm was valued at 6,00,000. Pass necessary Journal entries in the books of the firm on Sohan's admission if: (i) Partners do not withdraw the share of goodwill. (ii) Partners withdraw half of their share of goodwill. [Ans.: (i) Goodwill Brought by Sohan-1,50,000 and Capital- 1,30,000; Share in Goodwill: Ram- 90,000; Mohan-₹ 60,000, (ii) Goodwill withdrawn: Ram- 45,000; Mohan-₹ 30,000.] 31. A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2026, their capitals were 80,000 and 1,00,000 respectively. On that date, they admit C in partnership and give him 1/4th share of the future profits. C brings 80,000 as his capital and 60,000 as goodwill. The amount of goodwill is withdrawn by the old partners in cash. Pass the Journal entries and show the Capital Accounts of all the Partners. Calculate proportion in which partners would share profits and losses in future. [Ans.: New Ratio-1: 2: 1; Capital A/cs: A- 80,000; B-₹ 1,00,000; C₹ 80,000.] 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 Q30 Q31 Admission of partner goodwill problem New partner goodwill treatment Class 12 accounts chapter 4 solution TS Grewal admission of partner solved Q30 Q31 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 Q30, Q31 full solution Admission of partner goodwill adjustment Class 12 board exam accounts important #msacademyaccounts #pfg #journalentrypfg #partnetscapitalaccounts #admissionofnewpartner