# Question 22 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-22. - CH-2 - Usha +2 Book 2018 - Solution

Question 22 Chapter 5 of +2-Part-1

22.( NPS/Goodwill brought in cash )A, B, and C are partners in ratio 3:2:1. D is admitted for 1/6 share which sacrificed by a. D introduced cash Rs. 90,000 including Rs. 8,000 for goodwill. Pass journal entries and find out the new ratio.

We are providing a solution of Question 22 Chapter 5 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

### 1. Check out the Solution of this question in Video Format:-

The video consists solution of question numbers from 12 to 23 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 22 from the flowing video by using time stamps of the video.

Day - 81 | Solution of Questions Admission of a Partner | Chapter No. 5 | Accounts class 12 | PSEB |

## The solution of Question 22 Chapter 5 of +2 Part-1: –

 Journal Date Particulars L.F. Debit Credit i) Cash A/c Dr. 90,000 To D’s Capital A/c 82,000 To Premium for Goodwill A/c 8,000 (Being cash brought by D as capital and premium) ii) Premium for Goodwill A/c Dr. 8,000 To A’s Capital A/c 8,000 (Being goodwill transferred to A’s capital)

Calculation of new profit sharing ratio

 D’s share = 3 6

which he acquired from A only
A’s new share = Old share – New share

 = 3 – 1 6 6 = 2 6
 New Ratio = 2 : 2 : 1 : 1 6 6 6 6 = 2 : 2 : 1 : 1

Comment if you have any questions.

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

## Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.