Question 33 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 5 of +2- Part-
Q-33. - CH-2 - Usha +2 Book 2018 - Solution

Question 33 Chapter 5 of +2-Part-1

33. (Goodwill is brought in-kind) Manish and Satish are sharing profits in 4 : 3 ratio. Komal is admitted for 1/10th share. Komal gave stock Rs.30,000 valued at Rs. 25,000 for capital. But for the goodwill of his share of Rs. 10,000 his loan account carrying interest @12% p.a. was raised in the books. He, as per agreement paid his goodwill share after six months with interest. Pass journal entries.

We are providing a solution of Question 33 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 33 to 35 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 33 from the flowing video by using time stamps of the video.

Day - 83 | Solution of Questions Admission of a Partner | Chapter No. 5 | Accounts class 12 | PSEB |

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

The solution of Question 33 Chapter 5 of +2 Part-1: – 

Journal
Date Particulars
L.F. Debit Credit
           
i Stock A/c Dr.   25,000  
  To Komal’s Capital A/c       25,000
  (Being Komal brings capital in stock )        
           
ii Komal’s loan A/c Dr.   10,000  
  To Premium A/c       10,000
  (Being premium due from Komal )        
           
iii Premium A/c Dr.   10,000  
  To Manish’s Capital A/c       5,714
  To Satish’s Capital A/c       4,286
  (Being goodwill credited to old partners in their sacrificing ratio i.e. 4 : 3)      
         
After six
months
Bank A/c Dr.   10,600  
  To Komal’s loan A/c       10,000
  To interest on loan A/c       600
  (Being loan received along with the interest for six months @ 12% p.a.)        
         

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

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

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

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Question 32 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 42 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 51 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 61 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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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)

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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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