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Admission of a Partner (Important Questions Series) T.S.Grewal Class 12th Accounts Que 25,26,27 Session 2025-26 Instagram Link : https://www.instagram.com/manojsharma... 25. Adil and Bhavya are partners sharing profits and losses in the ratio of 7: 5. They admit Kamal into partnership who is to get 1/6th share of profit which he takes 1/24 from Adil and 1/8 from Bhavya. Kamal brings 1,00,000 for his capital and 36,000 for goodwill. Profit for the first year of the new partnership was 2,40,000. Pass necessary Journal entries for Kamal's admission and distribution of profit among the partners. [Ans.: Share of Profit: Adil 1,30,000; Bhavya 70,000; Kamal-40,000.] 27. A and B are partners in a firm sharing profits and losses in the ratio of 3: 2. They admit C into partnership for 1/5th share. C brings 30,000 as capital and goodwill existed in the Balance Sheet of A and B at be 5:3:2. 10,000 as goodwill. At the time of admission of C, 3,000. New profit-sharing ratio of the partners will Pass necessary Journal entries. 27. A and B are partners in a firm sharing profits and losses in the ratio of 3: 2. They admit C into partnership for 1/5th share. C brings 30,000 as capital and 10,000 as goodwill. At the time of admission of C, goodwill existed in the Balance Sheet of A and B at 3,000. New profit-sharing ratio of the partners will be 5:3:2. Pass necessary Journal entries.