Question 35 Chapter 5 of Class 12 Part – 1 – USHA Publication

Posted by By Amanpreet Kaur 3 Min Read July 12, 2024

Question 35 Chapter 5 of Class 12 Part – 1 – USHA Publication

35. (Goodwill Existing in the books at the time of Admission and Retained in the Books) Seeta and Geeta are partners sharing profits equally. They admit Meeta for 1/5th share in profits w.e.f. 1″ April, 2020. Goodwill was valued at 10,00,000 on the admission of Meeta. Goodwill existed in the balance sheet as at 31″ march, 2020 at 8,00,000. It was agreed among the partners to carry forward the existing goodwill at its book value. Meeta brought his share of goodwill by cheque.
Pass the Journal entries for goodwill.

We are providing a solution of Question 34 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. 35 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 |
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2. Check out the Solution of this question in Article Format:-

The solution of Question 35 Chapter 5 of Class 12 Part – 1 – USHA Publication : – 

Journal
Date Particulars
 L.F. Debit Credit
           
i) Bank A/c Dr.   40,000  
  To Premium for goodwill A/c       40,000
  (Being premium for goodwill brought by Meeta is equal to 1/5th of ₹ 2,00,000 i.e. 10,00,000 – 8,00,000 being existing goodwill)      
         
ii) Premium for goodwill A/c Dr.   40,000  
  To Seeta’s Capital A/c       20,000
  To Geeta’s Capital A/c       20,000
  (Being premium for goodwill distributed among old partners in their sacrificing ratio i.e., 1 : 1)        
         

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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

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

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Question 03 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 04 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 05 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 06 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 07 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 08 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 09 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 10 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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

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Question 13 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 17 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 18 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Parat – 1

Question 20 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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

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Question 23 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 24 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Parat – 1

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

Question 29 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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

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

Question 34 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 35 Chapter 5 of Class 12 Part – 1 – USHA Publication

Question 36 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 37 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 38 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 39 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 40 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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

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Question 43 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 44 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 45 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 45 A Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 46 Chapter 5 of +2 Part-1 – USHA Publication

Question 47 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 48 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 49 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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

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Question 52 Chapter 5 of +2 Part-1 – USHA Publication

Question 53 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 54 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 55 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 56 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 57 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 58 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 59 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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

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Question 62 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 63 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 64 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 65 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 66 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 67 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 68 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 69 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

Accountancy – Part 2 Class 12 – Session 2024-25 – Solution for free

2. Advanced Accountancy Part 2 Class 12 by Unimax Publication

Advanced Accountancy II Part 2 Class 12 – Solution for free

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