Скачать или смотреть Admission of New Partner | Profit and Loss Ratio Change | Introduction of Partnership

Introduction Ch 2 Admission Of New Partner | Class 12 Accountancy
Admission of New Partner | Adjustment of profit and loss and general reserve, revalution account and partner's capital and balance sheet | Introduction of Partnership

New Course English Medium
Class 6 Maths :    • Class 6 Maths | All Exercise of All Chapters  
Class 7 Maths :    • Class 7 Maths | All Exercise of All Chapters  
Class 8 Maths :    • Class 8 Maths | New Syllabus 2026 | 2025 |...  
Class 9 Maths :    • Class 9 Maths NCERT | New Syllabus 2026 | ...  
Class 10 Math :    • Class 10 Maths | New Syllabus 2026 | 2025 ...  
Class 12 Accounts :    • Class 12 | Accountancy | English Medium | ...  

Half Yearly Exam Paper Solution ::    • New Half Yearly Exam Paper Solution 2024  
Class 9 Maths RD Sharma :::    • RD Sharma Class 9 Math English Medium  
Class 9 Maths Dr Manohar Ray ::    • Dr. Manohar re ||Class 9th Maths  

New Course In Hindi Medium
Class 8 Maths :    • In Hindi | Class 8 Maths | All Exercise of...  
Class 9 Maths :    • In Hindi | Class 9 Maths | New Syllabus 20...  
Class 10 Math :    • In Hindi | Class 10 Maths | All Exercise o...  
Class 12 Accountancy :    • Class 12 | Accountancy | In Hindi Medium  

Numerical Questions
31. A and B are partners sharing profits and losses in the ratio of 3:1. On I
st
April.
2017 they admitted C as a new partner for 1/4 share in the profits of the firm.
C brings Rs. 20,000 as for his 1/4 share in the profits of the firm. The capitals of
A and B after all adjustments in respect of goodwill, revaluation of assets and
liabilities, etc. has been worked out at Rs. 50,000 for A and Rs. 12,000 for B. It is
agreed that partner’s capitals will be according to new profit sharing ratio.
Calculate the new capitals of A and B and pass the necessary journal entries
assuming that A and B brought in or withdrew the necessary cash as the case
may be for making their capitals in proportion to their profit sharing ratio?
32. Pinky, Qumar and Roopa partners in a firm sharing profits and losses in the
ratio of 3:2:1. S is admitted as a new partner for 1/4 share in the profits of the
firm, whichs he gets 1/8 from Pinky, and 1/16 each from Qmar and Roopa.
The total capital of the new firm after Seema’s admission will be Rs. 2,40,000.
Seema is required to bring in cash equal to 1/4 of the total capital of the new
firm. The capitals of the old partners also have to be adjusted in proportion of
their profit sharing ratio. The capitals of Pinky, Qumar and Roopa after all
adjustments in respect of goodwill and revaluation of assets and liabilities
have been made are Pinky Rs. 80,000, Qumar Rs. 30,000 and Roopa Rs. 20,000.
Calculate the capitals of all the partners and record the necessary journal
entries for doing adjustments in respect of capitals according to the agreement
between the partners?
33. The following was the Balance Sheet of Arun, Bablu and Chetan sharing profits
and losses in the ratio of
They agreed to take Deepak into partnership and give him a share of 1/8
on the following terms: a) that Deepak should bring in Rs. 4,200 as goodwill
and Rs. 7,000 as his Capital; (b) that furniture be depreciated by 12%; (c) that
stock be depreciated by 10% (d) that a Reserve of 5% be created for doubtful debts: (e) that the value of land and buildings having appreciated be brought
upto Rs. 31,000 ;(f) that after making the adjustments the capital accounts of
the old partners (who continue to share in the same proportion as before) be
adjusted on the basis of the proportion of Deepak’s Capital to his share in the
business, i.e., actual cash to be paid off to, or brought in by the old partners as
the case may be.
Prepare Cash Account, Profit and Loss Adjustment Account (Revaluation
Account) and the Opening Balance Sheet of the new firm.
2:1. Chintan is admitted into the firm with 1/4 share in profits. Chintan will
bring in Rs. 30,000 as his capital and the capitals of Azad and Babli are to be
adjusted in the profit sharing ratio. The Balance Sheet of Azad and Babli as on
March 31, 2016 (before Chintan’s admission) was as follows:
Balance Sheet of A and B as on 31.03.2016 It was agreed that:

iv) The capital accounts of Azad and Babli are to be adjusted by opening current
accounts.
Record necessary journal entries, show necessary ledger accounts and
prepare the Balance Sheet after admission.
35. Ashish and Dutta were partners in a firm sharing profits in 3:2 ratio. On Jan.
Record the necessary journal entries and prepare the Balance Sheet of the
firm after Vimal’s admission.