# 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.

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## 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 A/c 8,000 (Being cash brought by D as capital and premium) ii) Premium 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

Whole of the sacrifice for S has been made by A, so there will be no change in the profit share of B and C.
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

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Also, Check out the solved question of previous Chapters: –