Admission of a partner Class 12 | TS Grewal Ch-4 Q 22 to Q 24 | Treatment of goodwill |Full Solved

Admission of a partner Class 12 | TS Grewal Ch-4 Q 22 to Q 24 | Treatment of goodwill |Full Solved| Session 2026-27 22. Pass Journal entries in the books of the firm to record the following arrangements: (a) B and C are partners sharing profits in the ratio of 3: 2. D is admitted paying premium (goodwill) of 20,000 for 1/4th share of the profits, shares of B and C remain as before. (b) B and Care partners sharing profits in the ratio of 3: 2. D is admitted paying a premium of 21,000 for 1/4th share of profits which he takes 1/6 from B and 1/12 from C. 23. B and Care in partnership sharing profits and losses as 3: 1. They admit D as partner in the firm, D pays premium of 15,000 for 1/3rd share of the profits. As between themselves, B and C agree to share future profits and losses equally. Pass Journal entries showing appropriations of the premium money. [Ans.: Dr. Premium for Goodwill A/c by 15,000 and C's Capital A/c by 3,750; Cr. B's Capital A/c by 18,750.] 24. X and Y are in partnership sharing profits and losses in the ratio of 5: 3. Z is admitted as a partner who pays 40,000 as capital and the necessary amount of goodwill which is valued at 60,000 for the firm. His share of profits will be 1/5th which he takes 1/10th from X and 1/10th from Y. Pass Journal entries and also calculate future profit-sharing ratio of the partners. [Ans.: New Profit-sharing Ratio-21:11:8.] TS Grewal class 12 admission of partner New profit sharing ratio Q22 Q 23 Q 24 sol Class 12 accounts chapter 4 numericals Admission of partner TS Grewal solution Q 22 Q 23 Q 24 treatment of goodwill Class 12 partnership accounts solved su TS Grewal Q22 Q 23 Q 24 step by step #msacademyaccounts #TSGrewal Solution #Class12AccountsSolved #NewProfitSharingRatio #Q22Q23Q24 #treatmentofgoodwill 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 3 Q25 Q26 Q27 Admission of partner goodwill problem New partner goodwill treatment Class 12 accounts chapter 3 solution TS Grewal admission of partner solved Q25 Q26 Q27 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 3 numericals CBSE class 12 accounts solution TS Grewal Q25 Q26 Q27 full solution Admission of partner goodwill adjustment Class 12 board exam accounts important