AIEEE Solutions Answer Keys 2009

CBSE 2009 2010

The solutions for the AIEEE 2009 Exam are not out yet.

The All India Engineering Entrance Examination (AIEEE) will held all across the country on the 23th April 2009.

The pattern of  AIEEE 2009 exam will be same as of AIEEE 2008.

Get the solutions to AIEEE 2009 from all the leading coaching institutes right here on this website on 26rd April midnight.You can discuss about the AIEEE 2009 Paper using the comment form below after registering.

http://www.icbse.com/2009/66/aieee-solutions-answer-keys-2009.html

CBSE Board Results 2009 Class X and XII

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CBSE Board Results 2009 Class X and Class XII

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• 5 Ways to Improve Your Memory ~ For Students.
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• Be careful while selecting a college for Higher Education.

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Right attitude is the only key: CBSE

CHANDIGARH: What is the mantra for cracking the board exams? CBSE says the success depends on the attitude. “It is important that we learn to be
positive whenever we are preparing for examinations. To counter the tension linked with it, the solution lies in developing the right attitude towards examinations and in understanding how to sail through them smoothly. Our attitude and confidence would take us to success apart from our awareness of our own strengths and limitations,” it states.

Many students complain about forgetting the answers to questions while writing the question paper. There are others who are constantly struggling with their time-tables and are not able to devote substantial time to each subject. The reasons for all these problems are more often than not the exam fever or stress and anxiety.

In the last few weeks, counsellors deputed by CBSE as well as UT education department received many such calls from students on these matters. Jayanti Banerjee, a CBSE counsellor, said, “The most important job of a counsellor is build the confidence of students. I have received many calls whereby students tell me they start forgetting answers as the exam approaches.”

However, problems could be overcome by following simple study tips and special guidelines called memorization mantras offered by Central Board of Secondary Education (CBSE).

The foremost advice of CBSE to students is that they should start their study or write the test in a relaxed mood. It cautions students against engaging in a sport or tiring themselves before they sit either for a test or a study period and ensure that they are not hungry, sleepy, tired, thirsty and don’t need to go to the toilet before they sit to study or give a test. This would ensure that there are no unnecessary interruptions.

CBSE has time and again laid emphasis on time management for effective learning. It tells students not to create an overly restrictive schedule that doesn’t work and then feel guilty about it. “Telling oneself that scheduling just doesn’t work for him is a common mistake” is another mandate.

As the examinations have started, students have been advised that instead of passively reading a textbook and not really paying attention, they should actively engage their mind in the act of reading, thereby improving comprehension and retention capacity. The more students involve their mind in reading, the better they would remember and score good marks. This strategy could be put to good use for reading any text in science, social studies and languages.

CBSE, ICSE exams begin on positive note

Tension could be seen on the faces of the students appearing at the CBSE Class X and XII and ICSE Class X examinations that started at
different centres in the state capital on Monday.
A large number of guardians jostled with each other at the gates of these centres to ensure their wards reached examination halls on time.

Though there was tension among the guardians, a fair-like situation prevailed at the gates of these centres. Several `thelawallas’ had set up their stalls near these schools selling ice-creams and other eatables. Ramesh Kumar, a student of DAV, Board Colony, Shastrinagar, was tense as he reached Notre Dame Academy for appearing at the examination in the morning. He, however, heaved a sigh of relief as he came out after the examination. “Tension to hota hai, lekin paper bahut hi easy tha (Yes there was tension, but the chemistry paper was very easy and I enjoyed doing it),” he said.

His classmate, Tanush, also a student of DAV, Shastrinagar, said that he had prepared for his examinations very coolly. “Yes, there was some tension, but things passed off easily,” he said.

Navneet was very cool. “I used to take a break during my studies. I had prepared very well for the examination and the paper was also very easy,” he said.

Birendra Kumar was waiting anxiously at the gate of Notre Dame Academy as his daughter, Nitika Rao, was appearing at the examination. He said that she has prepared well. “All depends on how she writes the paper,” he said.

Some other guardians, including mothers, could be seen taking shelter under the trees at the gate of the school. Their topic of discussion mainly centred around their wards and food that they had prepared at their houses.

Rajiv Ranjan, a student of Prema Lok Mission, was giggling with his friends when this scribe confronted them at the gate of Loyola High School. He was satisfied with his performance at the examination.

Mrinal Shekhar, of the same school, said, “Yes, there was much tension before the examination. But the paper was easy and I did well.”

Kunal Shekhar, also from Prema Lok Mission, said that he had expected much tougher paper. Yet another student, Rahul Sharma of Prema Lok Mission, was also satisfied with his performance at CBSE Plus Two examination. Coming out of Loyola High School, he said that at first he was nervous. “But things went well though I was sick,” he added.

While some students giggled with each other, some others were seen cooling themselves with ice-creams. Some of the guardians were seen inquiring from their wards about the question papers while some others hugged their wards as they said the paper was very easy and they had done very well.

CBSE Datesheet for 2009 Board Exams has been released by CBSE

CBSE Datesheet for 2009 Board Exams has been

released by CBSE !

Download Datesheets from below ~

• Datesheet for class X

• Datesheet for class XII

Click here for FREE CBSE SMS Service !

CBSE Important Questions Class XII Computer Science C++

Q. 1. Define any two features of OOPs. Also give suitable example in C++.

Q. 2. (a) Name the Header file(s) that shall be needed for successful compilation of the

following C++ code

void main()

{

int a[10];

for(int i=0;i<10;i++)

{

cin>>a[i];

if(a[i]%2==0)

a[i]=pow(a[i],3);

else

a[i]=sqrt(a[i]);

if(a[i]>32767)

exit(0);

}

getch();

}

(b). Rewrite the following program after removing syntactical error(s) if any. Underline each correction.

#include

type def int integer;

struct number

{

integer a [5];

}

void main()

{

number x;

for(int i=0;i<5;i++)

cin>>x[i].a;

getch();

}

(c). Find the output of the following program :

#include

#include

void main()

{

char *a[2]={”Amit”,”Sumit”};

for(int i=0;i<2;i++)

{

int l=strlen(a[i]);

for(int j=0;j<l;j++,a[i]++)

cout<<*a[i]<<” : “;

cout<<endl;

}

}

(d). Find the output of the following program

#include

class student

{

public:

student()

{

cout<<”\n Computer Science“;

}

~student()

{

cout<<” subject”;

}

}st;

void main()

{

cout<<” is my best“

}

(e). In the following C++ program , what will the maximum and minimum value of r generated with the help of random function.

#include

#include

void main()

{

int r;

randomize();

r=random(20)+random(2);

cout<<r;

}

(f) Define macro with a suitable example.

Q. 2. (a). Differentiate between a Constructor and Destructor in context of class and object . Give suitable example in C++.

(b). Answer the questions (i) and (ii) after going through the following class : class Computer

{

char C_name[20];

char Config[100];

public:

Computer(Computer &obj); // function1

Computer(); //function 2

Computer(char *n,char *C); // function3

};

1. Complete the definition of the function 1.
2. Name the specific feature of the OOPs shown in the above example.

(c). Define a class Student in C++ with the description given below :

private members

rno integer

name array of 40 characters

address array of 40 characters

marks array of 5 integers

percentage float variable

calper() a function which will calculate & return the percentage of a student.

public members

init() function to ask and store the values of rno, name, address and marks in 5 subjects.

display() function to which will invoke calper () and display the details of the item in the following format :

MARK SHEET

Roll No :

Name :

Address :

Marks :

Percentage :

Also create main() function which will invoke all the public member functions.

(d). Answer the questions (i) to (iv) based on the following code :

class Employee

{

int id;

protected :

char name[20];

char doj[20];

public :

Employee();

~Employee();

void get();

void show();

};

class Daily_wager : protected Employee

{

int wphour;

protected :

int nofhworked;

public :

void getd();

void showd();

};

class Payment : private Daily_wager

{

char date[10];

protected :

int amount;

public :

Payment();

~Payment();

void show();

};

1. Name the type of Inheritance depicted in the above example.
2. Name the member functions accessible through the object of class Payment.
3. From the following, Identify the member function(s) that can be called directly from the object of class Daily_wager class
   
   show()
   
   getd()
   
   get()
4. Name the base & derived class of Daily_wager class.

Q. 3. (a) Write a function in C++ which accepts a integer array and its size as an arguments and prints the output (using nested loops) in following format :

Example : if the array is having

1 2 4 5 9

Then the output should be

1

2 2

4 4 4 4

5 5 5 5 5

9 9 9 9 9 9

(b). An array A[10][20] is stored in the memory with each element occupying 2 bytes of storage. If the Base address of array in the memory is 800 , determine the location of A[9][10] when the array is stored as (i) Row Major (ii) column major.

(c). Write a function in C++ to delete a node containing names of student , from a dynamically allocated Queue of names implemented with the help

of following structure :

struct student

{

char name[20];

student *next;

}*front , *rear;

(d). Consider the following portion of a program , which implements a linked

stack for Library . Write the definition of function PUSH(),to insert a new node in the stack with required information struct Library

{

int id;

char names[20];

};

class stack

{

Library *top;

public :

stack()

{

top=NULL;

}

void PUSH();

void POP();

};

(e). Convert the following infix expression into postfix. show the stack status after execution of each operation:

TRUE OR FALSE AND NOT FALSE OR FALSE

Q. 4. (a). Differentiate between ios::app and ios::ate file opening modes.

(b). Write a function in C++ which will print the size of a text file “story.txt” in the form of bytes.

(c). Write a function in C++ which will increase the qty of a particular type of item from the file “stock.dat” . Assuming that the binary file is containing the records of following structure :

struct Products

{

int id;

char Iname[30];

int type;

int qty;

};

Accept the item type from user whose qty has to be increased .

Q. 5. (a). What do you understand by Primary Key

(b). Consider the following tables Employee and salary. Write SQL commands

for the statements (i) to (iv) and give outputs for SQL queries (v) to (viii)

Table : Employee

Eid	Name	Deptid	Qualification	Sex
1	Deepali Gupta	101	MCA	F
2	Rajat Tyagi	101	BCA	M
3	Hari Mohan	102	B.A	M
4	Harry	102	M.A	M
5	Sumit Mittal	103	B.Tech	M
6	Jyoti	101	M.Tech	F

Table : Salary

Eid	Basic	DA	HRA	Bonus
1	6000	2000	2300	200
2	2000	300	300	30
3	1000	300	300	40
4	1500	390	490	30
5	8000	900	900	80
6	10000	300	490	89

1. To display the frequency of employees department wise.
2. To list the names of those employees only whose name starts with ‘H’
3. To add a new column in salary table . the column name is total_sal.
4. To store the corresponding values in the total_sal column.
5. Select name from employee where eid=(select eid from salary where basic= (select max(basic) from salary));
6. select max(basic) from salary where bonus >40;
7. Select count(*) from employee group by sex;
8. select Distinct deptid from Employee;

Q. 6. (a) State and prove the Distributive law algebraically.

(b). Write the equivalent POS expression of following SOP form

F (x,y,z)= ∑ (0,2,4,6)

(c). Draw the Logical circuit of the following expression with the help of NAND gate only

x+yz

(d). Obtain the simplified form of a Boolean expression using K-Map.

F(a,b,c,d)=∑(0,1,2,3,4,7,11,12,14)

Q. 7. (a). What do your understand by Hackers?

(b). Differentiate between Internet & Intranet

(c). Expand the following terminology :

1. SMS
2. FTP

(d). Define Repeater.

(e). A company in Reliance has 4 wings of buildings as shown in the diagram:

Center to center distances between various Buildings:

W3 to W1 50m

W1 to W2 60m

W2 to W4 25m

W4 to W3 170m

W3 to W2 125m

W1 to w4 90m

Number of computers in each of the wing:

W1 150

W2 15

W3 15

W4 25

Computers in each wing are networked but wings are not networked. The company has now decided to connect the wings also.

1. Suggest a most suitable cable layout & topology of the connection between the wings.
2. The company wants internet accessibility in all the wings. Suggest an economic technology .
3. Suggest the placement of the following devices with justification if the company wants minimized network traffic
   
   a)Repeater
   
   b)Hub
   
   c)Switch
   
   d)Bridge
4. The company is planning to link its head office situated in India with the offices at Reliance. Suggest a way to connect it; the company does not want to compromise with the speed of connectivity. Justify your answer.

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CBSE Important Questions Class XII 2009 Accountancy

CBSE Important Questions

Class XII

2009

Accountancy

Q. 1. Name any two items which are recorded in debit side of Partners’ Capital Accounts when they are prepared in fixed. (1 marks)

Q. 2. Name the agreement between the partners. (1 marks)

Q. 3. Why is the Sacrificing Ratio required ? (1 marks)

Q. 4. Define Goodwill. (1 marks)

Q. 5. What is Reserve Capital ? (1 marks)

Q. 6. Under which Act the Government Companies are registered ? (1 marks)

Q. 7. Under which head the “ Discount on Issue of Debenture” are recorded? (1 marks)

Q. 8. What are the conditions of issuing shares at discount ? (1 marks)

Q. 9. Asha, Nishi and Viku shared profits in 2:2:1 ratio. Their capitals were fixed Rs.1,50,000, Rs.2,00,000 and Rs.50,000 respectively. During the year 2006, the interest on capital was credited to them @9% instead of 10%.Give an adjustment entry to rectify the error. (3 marks)

Q. 10. What do mean by issue of debentures as collateral securities ? How it ia shown in the Balance Sheet ? (3 marks)

Q. 11. Kalyan Ltd. Purchased a machine for Rs.2,00,000 from XY Ltd. Rs.65,000 were paid immediately through cheque and the balance by issuing 6% Debentures of Rs.1,000 each at a discount 10 %. Pass necessary journal entries in the books of Kalyan Ltd. (4 marks)

Q. 12. John Ibrahm, a partner in Modern Tours and Travels withdrew money during the year ending March 31, 2006 from his capital account, for his personal use. Calculate interest in drawings in each of the following alternative situations, if rate of interest is 9 per cent per annum.

1. If he withdrew Rs. 3,000 per month at the beginning of the month.
2. If an amount of Rs. 3,000 per month was withdrawn by him at the end of each month
3. If the amounts withdrawn were : Rs. 12,000 on June 01, 2005, Rs. 8,000; on August 31, 2005, Rs. 3,000; on September 30, 2005, Rs. 7,000, on November 30, 2003, and Rs. 6,000 on January 31, 2006 (4 marks)

Q. 13.

1. Distinguish between gaining ratio and sacrificing ratio
2. Muni and Manju were partners who shared profits in the ratio of 4 : 1 and having their capitals Muni Rs.20000 and Manju Rs.30000.They admitted Sarita for 1/5th of profits.sarita brings Rs.12000 for her share of capital. Pass journal entries for goodwill. (2 + 2 marks)

Q. 14. Amit, Babu and Charu set up a partnership firm on April 1, 2006. They contributed Rs. 50,000, Rs. 40,000 and Rs. 30,000, respectively as their capitals and agreed to share profits and losses in the ratio of 3 : 2 : 1. Amit is to be paid a salary of Rs. 1,000 per month and Babu, a Commission of Rs. 5,000.It is also provided that interest to be allowed on capital at 6% p.a. The drawings for the year were Amit Rs. 6,000, Babu Rs. 4,000 and Charu Rs. 2,000. Interest on drawings of Rs. 270 was charged on Amit’s drawings, Rs. 180 on Babu’s drawings and Rs. 90, on Charu’s drawings. The net profit as per Profit and Loss Account for the year ending March 31, 2006 was Rs. 35,660.Prepare the Profit and Loss Appropriation Account to show the distribution of profit among the partners. (4 marks)

Q. 15.

1. X Ltd forfeited 50 Equity Shares of Rs.10 each issued at 10% discount for non-payment of Rs.3 per share for calls. These shares were reissued at Rs.7 per share. Pass journal entries.
2. What do you mean by Minimum Subscription ? (2 + 2 marks)

Q. 16.Dinesh, Ramesh and Suresh are partners in a firm sharing profits and losses in the ratio of 3:3:2. They decided to share the profits equally w.e.f. April 1, 2007.

Their Balance Sheet as on March 31, 2007 was as follows :

Liabilities	Amount Rs.	Assets	Amounts Rs.
Sundry Creditors	1,50,000	Cash at Bank	40,000
General Reserve	80,000	Bills Receivable	50,000
Partner’s Loan :		Sundry Debtors	60,000
Dinesh 40,000		Stock	1,20,000
Ramesh 30,000	70,000	Fixed Assets	2,80,000
Partners Capital :
Dinesh 1,00,000
Ramesh 80,000
Suresh 70,000	2,50,000
	5,50,000		5,50,000

It was also decide that :

1. The fixed assets should be valued at Rs. 3,31,000.
2. A provisions of 5% on sundry debtors be made doubtful debts.
3. The goodwill of the firm at this date be valued at 412 years purchase of the average net profits of last, five years which were Rs. 14,000; Rs. 17,000;Rs. 20,000; Rs. 22,000 and Rs. 27,000 respectively.
4. The value of stock be reduced to Rs. 1,12,000.
5. Goodwill was not to appear in the books. Pass the necessary journal entries and prepare the revised Balance sheet of the firm. (6 marks)

Q. 17. Gouda Ltd invited applications for 50,000 , 12% Preference Shares of Rs.50 each at a discount of 10%. The amount was payable as follows:

Rs.10	on Application
Rs.20	on Allotment

Balance on First & Final call Applications for 75,000 shares were received . Applications for 15,000 shares were rejected and remaining applicants were allotted on pro-rata basis. All moneys were duly received except the allotment and the final call on 2,000 shares. The Directors forfeited these shares . Out of these shares , 1,500 shares were re-issued at rs.85 per share as fully paid up . Record the necessary journal entries in the books of the Gouda Ltd. (8 marks)

Q. 18. Niskarsh and Atulesh were partners sharing profits in the ratio of 3:2. Their Balance sheet on 30th June 2006 was :-

Liabilities	Amount(Rs.)	Assets	Amount(Rs.)
Creditors Workmen Compensation Fund General Reserve Capital Accounts Niskarsh – Rs.40,000 Atulesh- Rs.30,000	13,000 10,000 5,000 70,000	Cash Stock Debtors Rs.20,000 Less-Provision Rs. 1,500 Plant Building	9,000 15,000 18,500 25,500 30,000
	98,000		98,000

On this date Tanmaya was admitted in the Partnership Firm on the following terms:-

1. Tanmaya would bring cash for his capital equal to 1/5th of the share and brought Rs.10,000 as his share of goodwill.
2. The liabilities against Workmen Compensation Fund would be determined Rs.3,000
3. The value of building increased by Rs.15,000 and Plant revalued at Rs.20,000
4. Provision for bad debt is to be maintained at 10% on debtors.Prepare Revaluation A/C, Partners’ Capital A/c and Balance Sheet of the new firm after the admission of Tanmaya. (8 marks)

Also see:

Accountancy

=>PAPER 1

=>PAPER 2

=>PAPER 3

=>PAPER 4

=>PAPER 5

CBSE Important Questions Class XII 2009 Accountancy

CBSE Important Questions

Class XII

2009

Accountancy

Recommendation of Accounting Standard 10 (AS-10) – Issued by The Institute of Chartered Accountants of India

According to AS-10 goodwill should be recorded in the books only when some consideration in money or money’s worth has been paid for it. Thus, in case of admission or retirement/death of a partner or in case of change in profit sharing ratio among partners, goodwill, following the accounting standard should not be raised in the books of the firm because no consideration in money or money worth is paid for it. If any partner brings any premium over and above his capital contribution at the time of his admission, such premium should be distributed to other existing partners.
If goodwill is evaluated at the time of change in the constitution of the firm (by way of admission/retirement/death/change in profit sharing ratio), goodwill should not be brought in books since it is inherent goodwill. If it is raised then it should be immediately written off.

Treatment of goodwill

Goodwill of a firm is the result of the efforts made by the existing partners in the past. Therefore, at the time of admission, the new partner who acquires right to share future profit should compensate the existing partners by making payment to them. Such payment is called premium (goodwill). Goodwill is a way for compensating exiting partners for the sacrifice they make on the admission of a new partner. Form accounting point of view, there may be different situations related to treatment of goodwill which are given below:

Case 1. The new partner brings his share of premium (goodwill) in cash and the same is paid to old partners privately (i.e. outside the business). In this case, no journal entry is to be made in the books of accounts for premium.

Illustration 1. (When goodwill is paid privately) A, B and C are partners in firm sharing profits in the ratio of 3:2:1. On April 1, 2003 they admit D as a new partner for 1/4th share. D paid Rs. 30,000 privately to A, B and C as his share of premium. Record the accounting treatment, if any, in the books of A, B and C for the same.

Solution: Since D has paid goodwill premium to A, B and C privately outside the business, hence no journal entry will be recorded in the books of the firm.

Case 2. When new partner brings goodwill/premium in cash which is retained in the business.

Journal Entries:

1. Cash/Bank A/c ………………Dr. (Goodwill + Capital amount)
   To Premium/Goodwill A/c (Goodwill Amount)
   To New partner’s capital A/c (Capital amount)
   (Being cash brought by new partners as his share of goodwill and capital)
2. Premium A/c ……………….Dr.
   To Sacrificing Partner’s Capital/Current A/c
   (Being Premium for goodwill is shared by existing partners in their sacrificing ratio)
   Alternatively, entry nos. (i) and (ii) may be combined as under:
   Cash/Bank A/c ……………..Dr.
   To Sacrificing Partners’ Capital/Current A/c

Illustration 2. (When brought in cash and retained in business) Lakshmi and Ganesh are partners in a business and sharing profits and losses in the ratio of 3:2 respectively. Their capitals are Rs. 40,0000 and 20,000 respectively. They admit Shanker and give him 1/6 share of future profits on the following terms. That (a) Shanker has to bring Rs. 25,000 as his capital, and (b) Rs. 5,000 as his share of Goodwill. Give Journal entries these transactions.

Cash/Bank A/c………………………………….Dr. To Premium A/c (Goodwill) To Shanker’s Capital A/c (Being the amount brought in cash by Shanker as his capital and share of goodwill)	30,000 5,000	5,000 25,000 3,000 2,000
Premium A/c …………………………………… Dr. To Lakshmi’s Capital A/c To Ganesh’s Capital A/c (Being goodwill premium brought by Shanker transferred to the capital accounts of Lakshmi and Ganesh in their sacrificing ratio)

Partners’ Capital Accounts
Particulars	Lakshmi	Ganesh	Shanker	Particulars	Lakshmi	Ganesh	Shanker
To Balance cld	43,000	22,000	25,000	By Balance b/d By Bank A/c By Premium A/c	40,000 3,000	20,000 2,000	25,000
	43,000	22,000	25,000		43,000	22,000	25,000

Illustration 3. Ram and Shyam are partners sharing profits and losses in the ratio of 4:1. Their capitals are Rs. 50,000 and Rs, 30,000. They agreed to admit Mohan into the partnership on April 1, 2003 for 1/3rd share in profit. It was agreed that Ram, Shyam and Mohan would share profits equally in future. Mohan brought Rs. 50,000 as goodwill (premium) for his 1/3rd share in profits and Rs. 70,000 as his capital. Record the necessary Journal entries in the books of the firm.

Cash/Bank A/c………………………………….Dr. To Premium A/c (Goodwill) To Mohan’s Capital A/c (Being the amount brought in cash by Mohan as his share of goodwill)	1,20,000 50,000 20,000	50,000 70,000 70,000
Premium A/c …………………………………… Dr. Shyam’s Capital A/c …………………………… Dr. To Ram’s Capital A/c (Being goodwill premium brought by Mohan transferred to the capital accounts of Ram and Shaym in their sacrificing ratio)

Partners’ Capital Accounts
Particulars	Ram	Shaym	Mohan	Particulars	Ram	Shayam	Mohan
To Ram’ Capital A/c To Balance c/d	1,20,000	30,000	70,000	By Balance b/d By Bank A/c By Premium A/c	50,000 70,000	30,000	70,000
	1,20,000	30,000	70,000		43,000	30,000	25,000

Working Notes:
Calculation of Sacrificing Ratio:
Sacrificing Ratio = Old Raito – New Ratio
Ram’s Sacrifice =
Shyam’s Sacrifice (gain) =
Since Shayam is gaining equal in the profits, therefore, he will also have compensate Ram proportionately.

For Share Mohan brought Rs. 50,000 as premium. Therefore Shyam compensate Ram by

Illustration 4. On 1st January, 2003, A and B, sharing profits 2/3 and 1/3 respectively, agree to admit C into partnership on condition that he pays Rs. 30,000 as capital and Rs. 9,000 for 1/6 share of goodwill which he acquires equally from A and B.

Journal Entries

2003 Jan . 1 Jan. 1	Cash/Bank A/c.……………………….Dr. To Premium A/c (Goodwill) To C’s Capital A/c (Being the amount brought in cash by C as his capital and share of goodwill	39,000 9,000	9,000 30,000 4,500 4,500
	Premium A/c ………………………… Dr. To A’s Capital A/c To B’s Capital A/c (Being goodwill premium brought by C transferred to the capital accounts of A and B in their sacrificing ratio)

Case 3. When goodwill is brought in by the new partner and premium money is withdrawn by the old partners fully or partially

Journal Entries:

Sacrificing Partner’s Capital A/c ………….Dr [Amount withdrawn by Sacrificing partners]
To Cash/Bank A/c

Illustration 5. In the illustration 4.

1. If the full amount of goodwill withdrawn by the old partners.
2. If half of the amount is withdrawn by the old partners

Solution:

Journal Entries

(a) (b)	A’s Capital A/c.……………………….Dr. B’s Capital A/c………………………..Dr. To Cash A/c (Being the full amount of goodwill withdrawal by the old partners)	4,500 4,500 2,250 2,250	9,000 4,500
	A’s Capital A/c.……………………….Dr. B’s Capital A/c………………………..Dr. To Cash A/c (Being the half amount of goodwill withdrawal by the old partners)

Case 4. When new partner brings his share of premium/goodwill in kind.

1. Assets A/c …………………….Dr. (Individually)
   To New Partner’s Capital A/c
   To Premium (Goodwill) A/c
   (Being assets contributed by new partner on his admission as his capital and his share of goodwill premium)
2. Premium A/c ………………….Dr.
   To Sacrificing Partners’ Capital A/cs
   (Being Premium for goodwill is shared by existing partners in their sacrificing ratio)

Illustration 6. (Admission of a partner who brings in capital and goodwill in cash and kind) A and B carried in the ratio of 2:1 respectively. They admitted C on 1st April, 2003, for 2/7ths share. The actual value of goodwill, however, on that date was Rs. 21,000. C contributed the following assets towards payment of his capital and goodwill:

Cash	Rs. 1,000
Sundry debtors	Rs. 5,000
Stock	Rs. 6,000
Goodwill	Rs. 5,000

Pass necessary entries in the journal to give effect to the above. Also gives the new profit-sharing ratio of the new partners.

Solution:

Journal Entries

2003 April 1	Cash A/c.………………………. Dr. Sundry Debtors A/c ..………….. Dr. Stock A/c ……………………….Dr. Goodwill A/c ………………… Dr. To C’s Capital A/c To Premium A/c (Being assets contributed by C on his admission as his capital and his share of goodwill premium)	1,000 5,000 6,000 5,000 6,000	11,000 6,000 4,000 2,000
April 1	Premium A/c.……………………….Dr. To A’s Capital A/c To B’s Capital A/c (Being Premium for goodwill is shared by existing partners in their sacrificing ratio)

Working Note:

1. Calculation of New Profit-Sharing Ratio:
   A’s Share =2/3 of 5/7 = 10/21
   B’s Share =1/3 of 5/7 =5/21
   C’s Share 2/7 of 3/3 = 6/21
   New Ratio 10:5:6
2. C’s share in goodwill = Rs. 21,000 2/7=Rs. 6,000
3. Calculation of sacrificing ratio:
   A’s Sacrificing = 2/3 – 10/21 = 12/23
   B’s Sacrificing = 1/3 – 5/21 =6/23
   Thus, Sacrificing Ratio between A & B = 2:1

Illustration 7. (Premium brought in kind) X and Y are partners in a firm sharing profits in the ratio of 3:2. On April 1, 2003 they admit Z as a new partner for 3/13 share in the profits. The new ratio will be 5:5:3. Z contributed the following assets towards his capital and his share for goodwill:

Stock	Rs. 80,000
Debtors	Rs. 1,20,000
Land	Rs. 2,00,000
Plant and Machinery	Rs. 1,20,000

On the Admission of Z, the goodwill of the firm was valued at Rs. 10,40,000. Record necessary Journal entries in the books of the firm on Z’s Admission and prepare Z’s Capital account.

Solution:

Journal Entries

2003 April 1 April 1	Stock A/c.……………………….Dr. Debtors A/c ..………….. ……… Dr. Land A/c ………………………..Dr. Plant and Machinery A/c ……….Dr. To Z’s Capital A/c To Premium A/c (Being assets contributed by Z on his admission as his capital and his share of goodwill premium)	80,000 1,20,000 2,00,000 1,20,000 2,40,000	2,80,000 2,40,000 2,24,000 16,000
	Premium A/c.……………………….Dr. To X’s Capital A/c To Y’s Capital A/c (Being Premium for goodwill is shared by existing partners in their sacrificing ratio)

Working Note:

1. Z’s share of goodwill =
2. Calculation of sacrificing Ratio of X and Y
   Sacrifice = old Share- New Share
   X’s Sacrifice =
   Y’s Sacrifice =
   Sacrificing Ratio of X and Y is 14:1 or
3. Amount to be credited towards premium to X’s capital account will be
   
   Amount to be credited to Y’s Capital account will be
   

Z’s Capital Accounts

Date	Particulars	J.F.	Amount (Rs.)	Date	Particulars	J.F	Amount (Rs.)
2003 April 1	To Balance c/d		2,80,000	2003 April 1	By Assets A/c		2,80,000
			2,8,000				2,80,000

Case 5. When new partner is unable to bring cash for goodwill partially

1. Cash A/c ………………………Dr. [Amount brought by the new partner in cash
   as goodwill out of his share of goodwill]
   To Premium A/c
2. Premium A/c…………………..Dr. [Amount brought by the new partner in cash
   as goodwill out of his share of goodwill]
   New Partner’s Capital A/c ……Dr. [Portion of the premium unable to bring by
   the new partner in cash]
   To Sacrificing Partner’s Capital A/c [Total share of goodwill of the new
   Partner in sacrificing ratio]

Illustration 8. A and B are partners sharing profits in the ratio of 5:3. They admit C into the firm fro 3/10th profit which he takes 2/10th from A and 1/10th from B and brings Rs. 1,500 as premium in cash out of his share of Rs. 3,900. Goodwill account does not appear in the books of A and B. Give Journal entries and the new ratio of A, B and C.

Solution: Calculation of new ratio:

1. 
2. 
3. 
   New Profit Sharing Ratio of A, B & C = 17:11:12

Journal Entries

(i) (ii)	Cash A/c …………………………….Dr. To Premium A/c (Amount brought by C in cash as goodwill out of his share of goodwill)	1,500 2,400 1,500	1,500 2,600 1,300
	C’s Capital A/c ……………………. Dr. Premium A/c ………………………..Dr. To A’s Capital Account A/c To B’s Capital Account A/c (Being the amount of goodwill credited to the sacrificing ratio i.e. 2:1.

Case 6. When the new partner is not able to bring his share of goodwill/premium in cash entirely.
New Partner’s Capital A/c …………..Dr. [For his share of goodwill)
To Sacrificing Partner’s Capital A/c [in sacrificing ratio]

Illustration 9. (The new partner is unable to bring cash for goodwill) A and B who share profits in proportion of 3 and 2 had capitals of Rs. 2,00,000 and Rs. 1,50,000 respectively. They agree to admit C into partnership as from 1st Jan. 2003, on the following terms in return for one third share in future profits:

1. That C should bring in Rs. 2,00,000 as capital.
2. That as C is unable to bring his share of goodwill in cash, the goodwill of the firm be valued at Rs. 1,50,000. Record necessary Journal entries in the books of the firm.

Solution:

Journal Entries

2003 Jan. 1 (ii)	Cash A/c …………………………….Dr. To C’s Capital A/c (Being amount of capital bought in by C in the firm)	2,00,000 50,000	2,00,000 30,000 20,000
	C’s Capital A/c ……………………. Dr. To A’s Capital Account A/c To B’s Capital Account A/c (Being Capital Account of A and B credited in the sacrificing ratio for C’s share of goodwill on his admission)

Note: Since the new profit sharing ratio in not given here, A and B will sacrifice their profit in favour of C in their old profit sharing ratio, i.e. 3:2. Therefore, the sacrificing ratio will be 3:2.
Total Goodwill = Rs. 1,50,000

C’s share in profit =

C’s share of goodwill =

Case 7. (When goodwill account already appeared in the books) Generally, the goodwill, being of intangible nature and is separable from the business, is not shown in the books of a going concern. However, sometimes existing partners of a firm may decide to revalue assets along with goodwill in the event of the reconstitution of the firm. If in any case, goodwill appears in the balance sheet of a before the admission of a new partner it should be closed by passing the following entry:

Old Partner’s Capital A/cs …………….Dr. [Old Profit-sharing ratio]

To Goodwill A/c [Goodwill existing in the Balance Sheet]

Illustration 10. (Goodwill exiting in the books at the time admission). X and Y are partners in affirm sharing profits in the ratio of 4:3. On April, 2003 they admitted Z as a new partner. Z brought Rs. 1,00,000 for his capital and RS. 21,000 for 1/3rd share of goodwill premium. On Z’s admission goodwill appeared in the books of the firm at Rs. 28,000. Record necessary Journal entries on Z’s admission.

Solution :

Journal Entries

2003 April April 1 April 1	X’s Capital A/c ………………………Dr. Y’s Capital A/c ………………………Dr. To Goodwill A/c (Being goodwill Written-off prior to Z’s admission)	16,000 12,000 1,21,000 21,000	28,000 21,000 1,00,000 12,000 9,000
	Cash A/c …………………………….Dr. To Premium A/c To Z’s Capital A/c (Being Z brought cash for his capital and his share of goodwill)
	Premium A/c ………………………..Dr. To X’s Capital Account A/c To Y’s Capital Account A/c (Being the amount of goodwill credited to the capital account of X and Y in their sacrificing ratio .i.e. 4:3.)

Illustration 11. (Incapable to bring premium in cash and Goodwill account existing at the time of admission) A and B are partners sharing profit in the ratio of 3:2. On Jan. 1 2003, they admit C as new partner. The new profit sharing ratio of 4:3:2. C brought Rs. 2,00,000 for his capital but could not bring any share of goodwill. The firm’s goodwill on C’s admission was valued at Rs. 2,70,000. AT the time of C’s admission goodwill existed in the books of the firm at Rs. 1,60,000. Record necessary Journal entries on C’s admission.

Solution:

Journal Entries

2003 Jan 1 April 1 April 1	A’s Capital A/c ………………………Dr. B’s Capital A/c ………………………Dr. To Goodwill A/c (Being goodwill Written-off prior to C’s admission)	96,000 64,000 2,00,000 60,000	1,60,000 2,00,000 42,000 18,000
	Cash A/c …………………………….Dr. To C’s Capital A/c (Being Z brought cash for his capital and his share of goodwill)
	C’s Capital A/c ……………………..Dr. To A’s Capital Account A/c To B’s Capital Account A/c (Being the amount of goodwill credited to the capital account of X and Y in their sacrificing ratio .i.e. 7:3.)

Working Note:
A’s Sacrifice =
B’ Sacrifice =
Sacrificing Ratio = 7:3
& C’s share of goodwill=
A’s Capital Account will be credited by

B’s Capital account will be credited by

Case 8. Hidden or Inferred Goodwill: Sometimes amount of goodwill is not given clearly but it is calculated on the basis of an inferred method of profit-sharing ratio or capitalization.
How to calculate Hidden Goodwill:

Step 1. Calculation of total capital of the firm on the basis of new partner’s capital:
Total Capital =
Step 2. Calculation of actual capital of the firm.
Actual capital = Sum of the capital of all partner including new
partner’s capital
Step 3. Calculation of Goodwill:
Goodwill = Total Capital – Actual Capital

Illustration 12. (Hidden Goodwill). A and B are partners with capitals of Rs. 1,60,000 and Rs. 1,20,000 respectively. They admit C as a partner on Jan. 1, 2003, for 1/4th share in the profits of the firm. C brings Rs. 1,60,000 as his share of capital. Give Journal entries on C’s admission.

Solution:

Journal Entries

2003 Jan. 1 Jan.1	Cash A/c …………………………….Dr. To C’s Capital A/c (Being amount of capital bought in by C in the firm)	1,60,000 50,000	1,60,000 25,000 25,000
	C’s Capital A/c ……………………. Dr. To A’s Capital Account A/c To B’s Capital Account A/c (Being Capital Account of A and B credited in the sacrificing ratio for C’s share of goodwill on his admission)

Working Notes:

1. In the absence of any agreement profits and divided equally.
2. Calculation of Hidden Goodwill
   C’s Capital = Rs. 1,60,000
   C’s Share = ¼
   (i) Total Capital of new Firm = Rs. 1,60,000 4
   = Rs. 6,40,000
   (ii) A, B and C’s Capital = Rs. 1,60,000+Rs. 1,20,000_Rs. 1,60,000
   = Rs. 4,40,000
   Goodwill of the firm. = 6,40,000-4,40,000 = 1,00,000.

Also see:

Accountancy

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