Solution for Q 11 to 20 of Chapter 4 of T S Grewal Class 12 Accountancy 2026-27 are given below. The Chapter name is Admission of a Parnter from Partnership Accounts class 12. These Solutions are based on topics Calculation of New profit sharing ratio and sacrificing ratio, treatment of goodwill at the time of admission of a partner
Working notes are given with each solution. These help in understanding the steps and are also important for board exams as marks are given for steps.
These solutions are also useful for CA Foundation, CS Foundation and CMA Foundation students. The solutions will be helpful for students as well as teachers teaching class 12 accounts.
Question 11
| In Goodwill adjustment the gaining partner pays his share of goodwill premium to sacrificing partner |
| |
|
|
| Here, New partner Kripa pays whole share of premium to Mahi |
| This means that whole sacrifice is made by Mahi and Rajat has not sacrificed anything |
| The old profit sharing ratio of Rajat of 3/7 will remain his new profit sharing ratio |
| |
|
|
| Now, How much does Kripa gain |
| |
|
|
| Kripa share of goodwill |
60000 |
|
| Total Goodwill of the firm |
420000 |
|
| |
|
|
| Ratio of Kripa share of Goodwill |
(60000/420000) |
1/7 |
| |
|
|
| So sacrifice made by Mahi |
1/7 |
| |
|
|
| Mahi new share |
4/7 - 1/7 |
3/7 |
| |
|
|
| New Profit Sharing ratio |
| Mahi |
Rajat |
Kripa |
|
|
|
|
| 3/7 |
3/7 |
1/7 |
|
|
|
|
| 3 |
3 |
1 |
|
|
|
|
▶ Video Solution: Coming Soon
Question 12
| Rakesh |
Suresh |
Total |
|
| 4 |
3 |
7 |
|
| Rakesh |
Suresh |
Zaheer |
Total |
| 7 |
4 |
3 |
14 |
| Rakesh |
Suresh |
|
|
| 1/14 |
1/7 |
|
|
| 1 |
2 |
|
|
▶ Video Solution: Coming Soon
Question 13
| D is admitted for 1/3 share |
| |
| Since neither the sacrificing ratio nor the new ratio is given so the old partners will sacrifice in the old ratio |
| |
| Sacrificing Ratio |
▶ Video Solution: Coming Soon
Question 14
| Gautam |
Yashica |
Total |
|
|
|
| |
|
|
|
|
|
| 3 |
2 |
5 |
|
|
|
| New partner |
Asma |
|
|
|
| |
|
|
|
|
| Gautam gives |
1/3 |
of his share |
(1/3 X 3/5) |
1/5 |
| Yashica gives |
|
|
1/10 |
| |
|
|
|
|
| Gautam new share |
2/5 |
(3/5-1/5) |
(old share - share given) |
| Yashica new share |
3/10 |
(2/5-1/10) |
(old share - share given) |
| |
|
|
|
|
| Asma share |
3/10 |
(1/5+1/10) |
|
| |
|
|
|
|
| New Profit Sharing ratio |
|
|
| Gautam |
Yashica |
Asma |
|
|
|
| 2/5 |
3/10 |
3/10 |
|
|
|
| 4 |
3 |
3 |
|
|
|
| Gautam |
Yashica |
|
|
|
|
| 1/5 |
1/10 |
|
|
|
|
| 2 |
1 |
|
|
|
|
▶ Video Solution: Coming Soon
Question 15
| New Partner admitted |
D |
|
| New partner share |
1/6 |
|
| |
|
|
| C retains his original share |
| |
|
|
| Let the total profits be Rs 1 |
1 |
|
| D's share |
1/6 |
|
| C's share |
1/5 |
|
| Remaining share |
19/30 |
(1 - 1/6 - 1/5) |
| |
|
|
| Now remaining share will be shared by remaining partners in their mutual ratio |
| |
|
|
| A's new share |
19/60 |
(19/30 X 1/2) |
| B's new share |
19/60 |
(19/30 X 1/2) |
| |
|
|
| New profit sharing ratio |
| A |
B |
C |
D |
|
| 19/60 |
19/60 |
1/5 |
1/6 |
|
| 19 |
19 |
12 |
10 |
|
▶ Video Solution: Coming Soon
Question 16
| New partner admitted |
Mayank |
| |
|
| Profit sharing ratio between |
Mukul |
Mayank |
| Same as between Rajan and Mukul |
4 |
1 |
| Now |
| The ratio between Rajan and Mukul aong themselves can be expressed as |
| Mukul share is 1/4 of Rajan share |
| |
| Since Mayank share is also 1/4 of Mukul share, so, |
| Mayank share will be 1/4 X 1/4 = 1/16 |
| |
| New Profit Sharing ratio |
| Rajan |
Mukul |
Mayank |
Total |
|
|
| 1 |
1/4 |
1/16 |
|
|
|
| 16 |
4 |
1 |
21 |
|
|
| Rajan |
Mukul |
|
|
|
|
| 3/79 |
1/100 |
|
|
|
|
| 4 |
1 |
|
|
|
|
▶ Video Solution: Coming Soon
Question 17
| New partner admitted |
Chintan |
| New partner share |
Not given in the question |
| Assume that the total share of new partner be x |
| |
| Now new partner acquires 1/5 of his share from Amit |
| It means that new partner acquires 4/5 of his share from Vidya which is equal to 4/25 |
| |
| So, 4/5 of x is equal to 4/25 |
| 4/5x = 4/25 |
x = 4/25 X 5/4 |
| |
|
|
| Solving this equation x = 1/5 |
1/5 |
| It means that the new partner share is 1/5 |
| |
|
|
| Now , new partner acquires from Amit 1/5 of his (new partner) share |
| New partner acquires from Amit |
1/25 |
(1/5 X 1/5) |
| New partner acquires from Vidya |
4/25 |
|
| |
|
|
| Amit new share |
(3/5 - 1/25) |
14/25 |
| Vidya new share |
(2/5 - 4/25) |
6/25 |
| |
|
|
| New Profit Sharing ratio |
| Amit |
Vidya |
Chintan |
|
|
|
| 14/25 |
6/25 |
1/5 |
|
|
|
| 14 |
6 |
5 |
|
|
|
| Amit |
Chintan |
|
|
|
|
| 1/25 |
4/25 |
|
|
|
|
| 1 |
4 |
|
|
|
|
▶ Video Solution: Coming Soon
Question 18 (a)
| Since the profit sharing ratio between old partners is not given so it will be assumed as equal |
▶ Video Solution: Coming Soon
Question 18 (b)
| Raman Admitted for 1/4 share |
| |
|
|
| Let the total profits be 1 |
1 |
|
| Raman's Share is 1/4 |
1/4 |
|
| Balance for old partners |
3/4 |
|
| |
|
|
| Anil's Share |
3/8 |
(3/4 X 1/2) |
| Bimal's Share |
3/8 |
(3/4 X 1/2) |
| |
|
|
| New Profit Sharing ratio |
| Anil |
Bimal |
Raman |
|
|
| 3/8 |
3/8 |
1/4 |
|
|
| 3 |
3 |
2 |
|
|
▶ Video Solution: Coming Soon
Question 18 (c)
| Anil |
Bimal |
Raman |
Total |
| 3 |
3 |
2 |
8 |
▶ Video Solution: Coming Soon
Question 19
| Valuation of Goodwill as per super profits method |
| |
| Average net profits |
|
|
= |
80000 |
(given in the question) |
|
|
| Capital Employed |
|
= |
200000 |
(given in the question) |
|
| Normal rate of return |
|
= |
10% |
(given in the question) |
|
| |
|
|
|
|
|
|
|
| Normal Profit |
|
= |
20000 |
(200000*10/100) |
|
| |
|
|
|
|
|
|
|
| Super Profits |
|
= |
60000 |
(Actual Average profits - Normal Profits) |
|
| Number of years Purchase |
|
= |
3 |
|
|
|
| Value of Goodwill |
|
= |
180000 |
(60000 * 3) |
|
| |
|
|
|
|
|
|
|
| Sonu share in profits |
|
= |
1/5 |
|
|
|
| Sonu share in Goodwill |
|
|
= |
36000 |
(180000*1/5) , (Value of firm goodwill X Partner share in profits) |
|
|
▶ Video Solution: Coming Soon
Question 20
| Kailash is admitted as a new partner |
| |
| Vimal Gives to Kailash |
|
|
1/5 |
of his share |
(3/5 X 1/5) |
3/25 |
(share sacrificed) |
| Nirmal Gives to Kailash |
|
|
2/5 |
of his share |
(2/5 X 2/5) |
4/25 |
(share sacrificed) |
| Old partners' new share |
|
|
Old - Sacrificed |
|
|
|
|
| Vimal's new Share |
|
3/5 - 3/25 |
|
12/25 |
|
|
| Nirmal's new Share |
|
|
2/5 - 4/25 |
|
6/25 |
|
|
| Kailash Share |
|
Sum of Share sacrificed by Vimal and Nirmal |
|
|
|
|
|
| |
|
3/25 + 4/25 = |
|
7/25 |
|
|
|
| Vimal |
Nirmal |
Kailash |
Total |
|
|
|
|
| 12/25 |
6/25 |
7/25 |
|
|
|
|
|
| 12 |
6 |
7 |
25 |
|
|
|
|
| Vimal |
Nirmal |
Total |
|
|
|
|
|
| 3/25 |
4/25 |
|
|
|
|
|
|
| 3 |
4 |
7 |
|
|
|
|
|
| Total Goodwill of the firm |
|
|
|
75000 |
|
|
|
| Kailash Share of Goodwill |
|
21000 |
(75000*7/25) |
|
| (New Partner share of Goodwill = |
|
(Firm's Goodwill X New partner profit share) |
|
| |
|
|
|
|
|
|
|
| Vimal Share in Goodwill |
|
9000.0 |
(21000*3/7) |
|
| Nirmal Share in Goodwill |
|
|
|
12000.0 |
(21000*4/7) |
|
|
| Bank A/c Dr.. |
|
|
|
21000 |
|
|
|
| To Premium for Goodwill A/c |
|
|
21000 |
|
|
| (Being New partner brings share of goodwill in cash) |
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Premium for Goodwill A/c Dr.. |
|
21000 |
|
|
|
| To Vimal Capital A/c |
|
|
9000.0 |
(21000*3/7) |
|
| To Nirmal Capital A/c |
|
|
12000.0 |
(21000*4/7) |
|
| (Being Goodwill distributed among sacrificing partners in sacrificng ratio) |
|
|
|
|
|
|
|
▶ Video Solution: Coming Soon
Q 1-10 | Q 11-20 | Q 21-31 |
T S Grewal Solutions – Admission of a Partner– All Questions
T S Grewal Solutions Class 12 2026-27 – All Chapters
