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

Q-46. - CH-2 - Usha +2 Book 2018 - Solution

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

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46. Revaluation A/c/Partner‘s Cap A/c/B/S) The following is the balance sheet of A and B who were sharing profits in ratio 3:2

 Liabilities Rs Assets Rs Capital Accounts Freehold Premises 49,000 A 29,400 Plant and machinery 34,300 B 19,600 49,000 Stock 19,600 Profit & Loss A/c 29,400 Sundry debtors 9,506 Sundry creditors 56,000 Cash at Bank 25,300 Bills Payable 8,582 Cash in hand 5,276 1,42,982 1,42,982

C is admitted into partnership on the following terms:
(i) C brings in Rs. 14,700 as his capital and Rs. 5,880 as goodwill for 1/4th share in the firm.
(ii) That the value of stock, plant and machinery was to be reduced by 10%.
(iii) That reserve for bad and doubtful debts be created Rs. 1,540.
(iv) Freehold premises to be appreciated by 20%.
Prepare Revaluation A/c, Partners Capital A/cs, and Balance Sheet of the New firm.

We are providing a solution of Question 46 Chapter 5 of +2 Part-1 – USHA 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 46 to 47 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 46 from the flowing video by using time stamps of the video.

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Day - 88 | Solution of Questions Admission of a Partner | Chapter No. 5 | Accounts class 12 | PSEB |

## The solution of Question 46 Chapter 5 of +2 Part-1 – USHA: –

 Revaluation Account Particulars Amount Particulars Amount To Stock 1,960 By Freehold Premises 9,800 To Plant & Machinery A/c 3,430 To Provision for doubtful debts 1,540 To profit on Revaluation – A 3/5 1,722 – B 2/5 1,148 2,870 9,800 9,800
 Partners’ Capital Account Particulars A B C Particulars A B C By Balance b/d 29,400 19,600 By Profit & Loss A/c 17,640 11,760 – By Revaluation A/c 1,722 1,148 – By Bank A/c – – 14,700 By Premium for Goodwill A/c 3,528 2,352 To Balance c/d 52,290 34,860 14,700 52,290 34,860 14,700 52,290 34,860 14,700
 Balance Sheet Liabilities Amount Assets Amount Sundry Creditors 56,000 Freehold Premises 58,800 Bills Payable 8,582 Plant & machinery 30,870 Capital accounts Stock 17,640 A 52,290 Sundry Debtors 9,506 B 34,860 Less: Provision 1,540 7,966 C 14,700 1,01,850 Cash at Bank 45,880 Cash in hand 5,276 1,66,432 1,66,432

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

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Question 07 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

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

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Question 25 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

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Question 37 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

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Question 48 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

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

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

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### Download a PDF of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner):

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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)

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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)

## 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

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2. Advanced Accountancy Part 2 Class 12 by Unimax Publication

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