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

Posted by By Shubham Sharma 9 Min Read July 12, 2024
Question 37 Chapter 5 of +2- Part-
Q-37. - CH-2 - Usha +2 Book 2018 - Solution

Question 37 Chapter 5 of +2-Part-1

37. (Comprehensive) A, B and C are partners in 3 : 2: 1 ratio. They admitted D and the new ratio is 4: 4:1 1. D will bring capital 1,25,000. The goodwill is valued at Rs. 1,00,000 Record the entries in journal in the following cases:
(a) Goodwill is brought in cash by new partner.
(b) Goodwill is brought in cash by new partner and goodwill already appears at Rs. 37,500.
(c) Goodwill is brought in cash by new partners and it is withdrawn
(d) Goodwill is brought in cash new partner Rs. 7,500.by A and C.
(e) Goodwill is brought in cash by new partner Rs. 7,500 and goodwill exists Rs. 50,000.Goodwill is not brought in cash.
(g) Goodwill is brought in cash and goodwill exist in books Rs. 1,50,000.
(h) Goodwill is brought in the form of equipment of Rs. 5,000 but valued at Rs. 7,500 by the firm.

We are providing a solution of Question 37 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 36 to 38 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 37 from the flowing 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 37 Chapter 5 of +2 Part-1: – 

Journal
Date Particulars
 L.F. Debit Credit
           
a) Cash A/c Dr.   1,25,000  
  To D’s Capital A/c       1,25,000
  (Being cash brought in by D as a Capital)      
         
i) Cash A/c Dr.   1000  
  To Premium for Goodwill A/c       1,000
  (Being share of goodwill brought by D in cash)        
           
ii) Premium for Goodwill A/c Dr.   10,000  
  B’s Capital A/c (1,00,000 X 1/15) Dr.   6,667  
  To A’s Capital A/c       10,000
  To C’s Capital A/c       6,667
  (Being sacrificing partner compensated by new partner & partner B in their sacrificing ratio i.e. 3 : 2)      
           
b) Entry 2 (i) and (ii) and the following entries        
           
  A’s Capital A/c Dr.   18,750  
  B’s Capital A/c Dr.   12,500  
  C’s Capital A/c Dr.   6,250  
  To Goodwill A/c       37,500
  (Being goodwill written off)        
           
c) Entry 2 (i) and (ii) and the following entries        
           
  A’s Capital A/c Dr.   6,000  
  C’s Capital A/c Dr.   4,000  
  To Cash A/c       10,000
  (Being goodwill withdrawn by A and C)        
           
d) Cash A/c Dr.   7,500  
  D’s Current A/c Dr.   2,500  
  To Premium for Goodwill A/c       10,000
  (Being goodwill brought in by D ₹ 7,500 in cash and balance is adjusted through his current A/c)      
           
ii) Premium A/c Dr.   10,000  
  B’s Capital A/c Dr.   6,667  
  To A’s Capital A/c       10,000
  To C’s Capital A/c       6,667
  (Being goodwill brought of D and B’s share given to A and C sacrifice ratio)        
           
e) Entry D (i) and (ii) and the following entries        
  A’s Capital A/c Dr.   25,000  
  B’s Capital A/c Dr.   16,667  
  C’s Capital A/c Dr.   8,333  
  To goodwill A/c       50,000
  (Being goodwill written off)        
           
f) D’s Current A/c Dr.   10,000  
  B’s Capital A/c Dr.   6,667  
  To A’s Capital A/c       10,000
  To C’s Capital A/c       6,667
  (Being goodwill not brought in cash by D adjusted through D’s current a/c and B’s Capital A/c        
           
g) Entry 2 (i) and (ii) and the following entries        
  A’s Capital A/c Dr.   75,000  
  B’s Capital A/c Dr.   50,000  
  C’s Capital A/c Dr.   25,000  
  To goodwill A/c       1,50,000
  (Being goodwill written off)        
           
h) Equipment A/c Dr.   7,500  
  D’s Current A/c Dr.   2,500  
  To Premium for Goodwill A/c       10,000
  (Being goodwill brought in D ₹ 7,500 in equipment and balance ₹ 2,500 adjusted through his current A/c)      
         

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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

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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

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

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

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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 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

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

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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 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

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

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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

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

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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

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

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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

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

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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)

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

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

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