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

Posted by By Shubham Sharma 3 Min Read July 12, 2024
Question 36 Chapter 5 of +2- Part-
Q-36. - CH-2 - Usha +2 Book 2018 - Solution

Question 36 Chapter 5 of +2-Part-1

36. (Hidden Goodwill) A and B are partners with capitals of Rs. 8,000 and Rs. 6,000 respectively. They admit C as a partner with 1/4th share in the profit of the firm. C brings Rs. 8,000 as his share of capital. Give journal entries to record goodwill.

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The video consists solution of question numbers from 36 to 38 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 36 from the following video by using time stamps of the video.

Day - 84 | 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 36 Chapter 5 of +2 Part-1: – 

Journal
Date Particulars
 L.F. Debit Credit
           
i) Cash A/c Dr.   8,000  
  To C’s Capital A/c       8,000
  (Being cash brought by C as capital )      
         
ii) C’s Current A/c Dr.   2,500  
  To A’s Capital A/c       1,250
  To B’s Capital A/c       1,250
  (Being C’s share of Goodwill adjusted in sacrificing ratio i.e. equall)        
         

Working notes:

Calculation of hidden Goodwill: Total capital of the firm after C’s admission:
Rs.(8000+6000+8000)= Rs. 22,000

Firm’s capital taking C’s capital as a base = 4 X 8,000
1
  = Rs 32,000    
         
Hidden Goodwill = Rs.(32,000-22,000)        
  = Rs. 10,000    
C’s share of Goodwill = 1 X 10,000
4
  = Rs 2,500    

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End of Solution

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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

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

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

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Question 10 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

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

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

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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

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

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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

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

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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

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

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Question 40 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

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

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

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

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

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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

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

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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

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

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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)

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Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

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.

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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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