Question 28 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 5 of +2- Part-
Q-28. - CH-2 - Usha +2 Book 2018 - Solution

Question 28 Chapter 5 of +2-Part-1

28. (New Partner doesn’t bring G/W in Cash) A and B are partners Sharing profits in the ratio of 3:2. Their bouks showed goodwill at Rs. 2,000. C is admitted with 1/4th share of profits and brings Rs. 10,000 as capital but is not able to bring in cash his share of goodwill Rs. 3,000. Give necessary journal entries.

We are providing a solution of Question 28 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 24 to 32 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 28 from the flowing video by using time stamps of the video.

Day - 82 | Solution of Questions 24 to 32 | Admission of a Partner | Accounts class 12 | PSEB |

2. Check out the Solution of this question in Article Format:-

The solution of Question 28 Chapter 5 of +2 Part-1: – 

Journal
Date Particulars
L.F. Debit Credit
           
i) A’s Capital A/c Dr.   1,200  
  B’s Capital A/c Dr.   800  
  To goodwill A/c       2,000
  ( Being existing goodwill written of in old ratio 3:2)      
         
ii) Cash A/c Dr.   10,000  
  To C’s Capital A/c       10,000
  (Being capital brought in by C)        
           
iii) C’s Current A/c Dr.   3,000  
  To A’s Capital A/c       1,800
  To B’s Capital A/c       1,200
  (Being C’s Share goodwill adjusted through capital accounts in sacrificing Ratio i.e. 3:2)        
         

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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.

Question 01 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 11 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 21 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 31 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 41 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 50 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 60 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Download a PDF of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner):

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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)

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

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

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 1 Class 12 by Unimax Publication

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.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 2 Class 12 by Unimax Publication

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