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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

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Question 28 Chapter 5 of +2-Part-1

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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 |

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

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

Journal
DateParticulars
L.F.DebitCredit
      
i)A’s Capital A/cDr. 1,200 
 B’s Capital A/cDr. 800 
 To goodwill A/c   2,000
 ( Being existing goodwill written of in old ratio 3:2)   
     
ii)Cash A/cDr. 10,000 
 To C’s Capital A/c   10,000
 (Being capital brought in by C)    
      
iii)C’s Current A/cDr. 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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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firm

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