CBSE 2026 · Region 5 · Set 1 · Q4

Guru and Prakash were partners in a firm sharing profits and losses th in the ratio of $\displaystyle 7$ : 3. They admitted Anu as a new partner for $\displaystyle 1$/$\displaystyle 4$ share in the refits of the firm. On the date of Any's admission, the Profit and Loss Account of Guru and Prakash showed a credit balance of $\displaystyle 40$,000. The necessary journal entry for its treatment will be : Dr. Amount Cr. Amount Particulars ( ) ( )

OR

Samta, Mamta and Geeta were partners in a firm sharing profits and losses in the ratio of $\displaystyle 11$ : $\displaystyle 5$ : 4. On 31st March, $\displaystyle 2025$ Samta died. On Samta's death, the goodwill of the firm was valued at ₹ $\displaystyle 1,80$,000. The necessa journal entry for the treatment of goodwill on Santa's death will be : Dr. Amount Cr. Amount Particulars ( ) ( )