Class 12 Accountancy Admission of Partner Important Questions with Solutions 2026-27
CBSE Class 12 Accountancy Admission of Partner Important Questions with Solutions 2026–27
Admission of a Partner is not just a theory topic. Questions can test New Profit Sharing Ratio, Sacrificing Ratio, Goodwill, Revaluation Account, Reserves, Accumulated Profits, Capital Adjustment and Balance Sheet.
If these concepts are clear, admission questions become much easier.
In this post, you will get:
✅ Important theory questions
✅ Important numerical questions
✅ Step-by-step solutions
✅ New Ratio and Sacrificing Ratio
✅ Goodwill treatment
✅ Revaluation Account
✅ Reserves and accumulated profits
✅ Capital adjustment
✅ Balance Sheet questions
✅ Exam-oriented MCQs
✅ Case-based practice
✅ Common mistakes
✅ Quick revision tricks
CommerceWallah12 Tip: Don't try to memorise every journal entry. First understand who is gaining, who is sacrificing and why the adjustment is being made.
📚 CBSE Class 12 Accountancy Admission of Partner – 2026–27
According to the official CBSE Accountancy 2026–27 syllabus, Admission of a Partner is included under Accounting for Partnership Firms. The syllabus covers the effect of admission on the profit-sharing ratio, goodwill treatment, revaluation of assets and reassessment of liabilities, reserves and accumulated profits/losses, capital adjustment and preparation of the new firm's balance sheet.
Main Topics You Must Prepare
Meaning of Admission of a Partner
New Profit Sharing Ratio
Sacrificing Ratio
Goodwill
Treatment of Goodwill
Revaluation of Assets
Reassessment of Liabilities
Revaluation Account
Reserves and Accumulated Profits
Adjustment of Capital
New Balance Sheet
Journal Entries
1. What is Admission of a Partner?
Admission of a Partner means bringing a new partner into an existing partnership firm with the consent of all existing partners.
The new partner usually brings:
Capital
Goodwill/premium for goodwill
New skills, knowledge or business connections
Simple Example
A and B are partners sharing profits in the ratio of 3:2.
They admit C as a new partner.
C gets 1/5 share in future profits.
Now the old profit-sharing arrangement changes.
Therefore, we need to calculate:
New Ratio + Sacrificing Ratio + Goodwill + Revaluation + Capital Adjustment
2. Why is a New Partner Admitted?
A new partner may be admitted because:
The business needs additional capital.
The firm wants additional managerial skills.
The business wants to expand.
The firm needs new technical knowledge.
The firm wants to benefit from the new partner's reputation or contacts.
⭐ Exam Answer
A new partner is admitted with the consent of all existing partners because admission changes their rights in future profits.
3. What Changes When a New Partner is Admitted?
This is one of the most important questions.
When a new partner enters the firm, generally the following adjustments are required:
1️⃣ New Profit Sharing Ratio
The new partner receives a share of future profits.
2️⃣ Sacrificing Ratio
Existing partners sacrifice a part of their profit share in favour of the new partner.
3️⃣ Goodwill
The new partner compensates the existing partners for the share of goodwill sacrificed by them.
4️⃣ Revaluation
Assets and liabilities may need to be revalued.
5️⃣ Reserves and Accumulated Profits/Losses
Existing reserves and accumulated profits/losses are adjusted among old partners.
6️⃣ Capital Adjustment
Partners' capitals may be adjusted according to the new arrangement.
7️⃣ New Balance Sheet
A new balance sheet is prepared after all required adjustments.
4. Important Formula – New Profit Sharing Ratio
The most important formula:
New Share = Old Share – Sacrificed Share
If an old partner does not sacrifice anything, their share remains unchanged.
5. Important Formula – Sacrificing Ratio
Sacrificing Ratio = Old Ratio – New Ratio
This formula is extremely important for admission questions.
🧠 Easy Trick
Admission → Sacrifice
Therefore:
Old Ratio – New Ratio = Sacrificing Ratio
6. Important Question: A and B admit C
A and B share profits in the ratio of 3:2.
C is admitted for 1/5 share.
C's share is taken from A and B in their old ratio.
Step 1: C's Share
C = 1/5
Remaining share:
= 1 − 1/5
= 4/5
Step 2: Divide Remaining Share in 3:2
A's new share:
= 4/5 × 3/5
= 12/25
B's new share:
= 4/5 × 2/5
= 8/25
C's share:
= 1/5 = 5/25
New Ratio
A : B : C
= 12 : 8 : 5
✅ Answer
New Profit Sharing Ratio = 12 : 8 : 5
7. Important Question – Sacrificing Ratio
A and B share profits in the ratio of 3:2.
They admit C for 1/5 share, which is sacrificed by A and B in their old ratio.
Old Ratio:
A = 3/5 = 15/25
B = 2/5 = 10/25
New Ratio:
A = 12/25
B = 8/25
Sacrifice
A:
15/25 − 12/25 = 3/25
B:
10/25 − 8/25 = 2/25
Therefore:
Sacrificing Ratio = 3:2
8. What is Sacrificing Ratio?
The ratio in which existing partners sacrifice their share of profit in favour of the new partner is called Sacrificing Ratio.
Formula
Sacrificing Ratio = Old Ratio − New Ratio
⭐ Board Tip
Do not use the new partner's share directly as the sacrificing ratio.
First calculate the actual sacrifice made by each old partner.
9. Important Question – New Partner Gets Share from One Partner
A and B share profits in the ratio of 3:2.
C is admitted for 1/5 share, which he acquires entirely from A.
Find the new ratio.
Step 1: A's old share
A = 3/5
Step 2: A sacrifices 1/5
A's new share:
3/5 − 1/5 = 2/5
B's share remains:
2/5
C's share:
1/5
Therefore:
A : B : C
= 2/5 : 2/5 : 1/5
✅ New Ratio
2 : 2 : 1
Sacrificing Ratio
A sacrifices 1/5.
B sacrifices nothing.
Therefore:
A : B = 1 : 0
10. What is Goodwill?
Goodwill is the value of the reputation of a business.
A firm may have goodwill because of:
Good quality products
Loyal customers
Good location
Efficient management
Good reputation
Higher profits
Better customer relationships
Simple Example
Two shops are located in the same market.
Shop A earns ₹1,00,000 profit.
Shop B earns ₹2,00,000 profit because customers trust its brand and service.
The extra earning capacity may be connected with the firm's goodwill.
11. Why is Goodwill Adjusted at the Time of Admission?
When a new partner joins an existing firm, the old partners sacrifice a part of their future profit.
The new partner therefore compensates the old partners for the share of goodwill acquired.
Important Principle
Goodwill compensation goes to the sacrificing partners.
This is one of the most important concepts in admission questions.
12. Important Goodwill Formula
Average Profit Method
Goodwill = Average Profit × Number of Years' Purchase
Super Profit Method
Super Profit = Actual/Average Profit − Normal Profit
Goodwill = Super Profit × Number of Years' Purchase
Capitalisation Method
Goodwill = Capitalised Value of Business − Actual Capital Employed
13. Important Numerical – Goodwill by Average Profit
A firm earns profits of:
Year 1 = ₹40,000
Year 2 = ₹50,000
Year 3 = ₹60,000
Year 4 = ₹70,000
Calculate goodwill at 3 years' purchase of average profit.
Step 1: Total Profit
₹40,000 + ₹50,000 + ₹60,000 + ₹70,000
= ₹2,20,000
Step 2: Average Profit
= ₹2,20,000 ÷ 4
= ₹55,000
Step 3: Goodwill
= ₹55,000 × 3
= ₹1,65,000
✅ Answer
Goodwill = ₹1,65,000
14. Important Question – New Partner Brings Goodwill in Cash
A and B are partners.
They admit C as a new partner.
C brings ₹30,000 as goodwill.
The sacrificing ratio of A and B is 2:1.
Find the amount of goodwill credited to A and B.
A's Share
₹30,000 × 2/3
= ₹20,000
B's Share
₹30,000 × 1/3
= ₹10,000
Answer
A = ₹20,000
B = ₹10,000
Journal Entry
Bank A/c Dr. ₹30,000
To Premium for Goodwill A/c ₹30,000
Then:
Premium for Goodwill A/c Dr. ₹30,000
To A's Capital/Current A/c ₹20,000
To B's Capital/Current A/c ₹10,000
15. Important Question – New Partner Does Not Bring Goodwill in Cash
Suppose C does not bring goodwill in cash.
In such a situation, the required adjustment is made through the partners' capital/current accounts as applicable.
⭐ Remember
New Partner's goodwill share → Existing partners in sacrificing ratio
16. What is Revaluation Account?
When a new partner is admitted, the assets and liabilities of the existing firm may need to be revalued.
The Revaluation Account is prepared to record:
Increase/decrease in value of assets
Increase/decrease in liabilities
Unrecorded assets
Unrecorded liabilities
Purpose
The profit or loss arising from revaluation belongs to the old partners because it relates to the period before admission.
17. Revaluation Account – Golden Rules
Increase in Asset
Credit Revaluation Account
Decrease in Asset
Debit Revaluation Account
Increase in Liability
Debit Revaluation Account
Decrease in Liability
Credit Revaluation Account
Unrecorded Asset
Credit Revaluation Account
Unrecorded Liability
Debit Revaluation Account
🧠 Memory Trick
Asset Up → Credit
Asset Down → Debit
Liability Up → Debit
Liability Down → Credit
18. Important Numerical – Revaluation
A and B are partners.
On admission of C:
Furniture increases by ₹10,000.
Stock decreases by ₹5,000.
Creditors increase by ₹3,000.
An unrecorded asset of ₹4,000 is discovered.
Calculate profit on revaluation.
Revaluation Account
Credit side:
Furniture increase = ₹10,000
Unrecorded asset = ₹4,000
Total Credit = ₹14,000
Debit side:
Stock decrease = ₹5,000
Creditors increase = ₹3,000
Total Debit = ₹8,000
Profit on Revaluation
= ₹14,000 − ₹8,000
= ₹6,000
This profit is transferred to the old partners' capital/current accounts in their old profit-sharing ratio.
19. Important Question – Who Gets Revaluation Profit?
This is a very common exam question.
Answer:
Revaluation profit or loss arising at the time of admission is transferred to the old partners in their old profit-sharing ratio.
Why?
Because the change in assets and liabilities relates to the period before the new partner was admitted.
20. Treatment of Reserves on Admission
Suppose the firm has General Reserve of ₹60,000.
A and B share profits in the ratio of 3:2.
A's share:
₹60,000 × 3/5 = ₹36,000
B's share:
₹60,000 × 2/5 = ₹24,000
Journal Entry
General Reserve A/c Dr. ₹60,000
To A's Capital/Current A/c ₹36,000
To B's Capital/Current A/c ₹24,000
⭐ Important
Old reserves → Old partners in old ratio
21. Treatment of Accumulated Losses
If the firm has accumulated losses, they are transferred to the old partners' capital/current accounts in the old profit-sharing ratio.
Example
Accumulated loss = ₹50,000
A and B share profits in 3:2.
A's share:
₹50,000 × 3/5 = ₹30,000
B's share:
₹50,000 × 2/5 = ₹20,000
The loss is borne by A and B in the old ratio.
22. Important Question – Why are Reserves Given to Old Partners?
Because the reserves were created from profits earned before admission.
The new partner was not a partner when those profits were earned.
Therefore:
Old Reserves → Old Partners
23. Adjustment of Capitals
Sometimes, after admission, the partners are required to maintain capitals according to the new profit-sharing ratio.
Example
A, B and C have agreed that total capital of the new firm should be ₹3,00,000.
Their new ratio is:
3:2:1
Total ratio = 6
A's Capital
₹3,00,000 × 3/6
= ₹1,50,000
B's Capital
₹3,00,000 × 2/6
= ₹1,00,000
C's Capital
₹3,00,000 × 1/6
= ₹50,000
24. Important Question – What is Capital Adjustment?
Capital adjustment means bringing the partners' capitals to the amount required according to the new agreement.
The adjustment may be made by:
Bringing additional cash
Withdrawing excess capital
Adjusting through current/capital accounts as applicable
25. Complete Admission Question – Board Exam Style
A and B are partners sharing profits in the ratio of 3:2.
They admit C for 1/5 share.
C brings ₹50,000 as capital and ₹20,000 as goodwill.
The goodwill is to be distributed between A and B in the sacrificing ratio.
Solution
Since C gets 1/5 share from A and B in their old ratio:
Remaining share = 4/5
A's new share:
4/5 × 3/5 = 12/25
B's new share:
4/5 × 2/5 = 8/25
C's share:
1/5 = 5/25
New Ratio
12:8:5
Sacrificing Ratio
A:
3/5 − 12/25
= 15/25 − 12/25
= 3/25
B:
2/5 − 8/25
= 10/25 − 8/25
= 2/25
Therefore:
Sacrificing Ratio = 3:2
Goodwill Distribution
C brings ₹20,000 goodwill.
A receives:
₹20,000 × 3/5 = ₹12,000
B receives:
₹20,000 × 2/5 = ₹8,000
Final Answer
New Ratio = 12:8:5
Sacrificing Ratio = 3:2
A's Goodwill = ₹12,000
B's Goodwill = ₹8,000
26. Important Journal Entries for Admission of Partner
A. New Partner Brings Capital
Bank A/c Dr.
To New Partner's Capital A/c
B. New Partner Brings Goodwill
Bank A/c Dr.
To Premium for Goodwill A/c
C. Goodwill Distributed to Sacrificing Partners
Premium for Goodwill A/c Dr.
To Old Partners' Capital/Current A/cs
D. Increase in Asset
Asset A/c Dr.
To Revaluation A/c
E. Decrease in Asset
Revaluation A/c Dr.
To Asset A/c
F. Increase in Liability
Revaluation A/c Dr.
To Liability A/c
G. Decrease in Liability
Liability A/c Dr.
To Revaluation A/c
27. Most Important Questions for Board Exam
Very Short Answer Questions
Q1. What is admission of a partner?
Admission is the entry of a new partner into an existing partnership firm with the consent of all existing partners.
Q2. What is sacrificing ratio?
It is the ratio in which existing partners sacrifice their profit share in favour of the new partner.
Q3. Give the formula for sacrificing ratio.
Sacrificing Ratio = Old Ratio − New Ratio
Q4. Why is goodwill adjusted on admission?
Because the new partner acquires a share in the future profits of the firm and existing partners sacrifice part of their profit share.
Q5. Who receives goodwill brought by the new partner?
The sacrificing partners.
Q6. Who receives revaluation profit?
Old partners in their old profit-sharing ratio.
Q7. Who bears revaluation loss?
Old partners in their old profit-sharing ratio.
Q8. Who receives existing reserves?
Old partners in their old profit-sharing ratio.
28. Important 3-Mark Questions
Q1. A and B share profits in 3:2. C is admitted for 1/5 share. Find the new ratio if C's share is taken from A and B in their old ratio.
Answer: 12:8:5
Q2. A and B share profits in 3:2. They admit C. C brings ₹30,000 goodwill. Sacrificing ratio is 2:1. Calculate goodwill payable to A and B.
Answer:
A = ₹20,000
B = ₹10,000
Q3. What is the purpose of preparing a Revaluation Account at the time of admission?
Answer:
It is prepared to record changes in the values of assets and liabilities and determine the resulting profit or loss. The profit/loss is transferred to the old partners in their old ratio.
29. Important 4-Mark Numerical
A and B are partners sharing profits in 3:2.
They admit C for 1/5 share.
Goodwill of the firm is ₹1,00,000.
Find the amount of goodwill to be adjusted in favour of A and B if C acquires his share equally from A and B.
Solution
C's share = 1/5
Goodwill = ₹1,00,000
C's share of goodwill:
₹1,00,000 × 1/5
= ₹20,000
Since A and B sacrifice equally:
A's share = ₹10,000
B's share = ₹10,000
Answer
A = ₹10,000
B = ₹10,000
30. Important 6-Mark Question
Question
A and B are partners sharing profits in the ratio of 3:2. They admit C for 1/5 share.
The following adjustments are required:
C brings ₹50,000 capital.
C brings ₹20,000 goodwill.
Machinery increases by ₹10,000.
Stock decreases by ₹4,000.
Creditors increase by ₹2,000.
General Reserve is ₹30,000.
Calculate:
New Ratio
Sacrificing Ratio
Goodwill distribution
Revaluation profit
Distribution of reserve
Solution
1. New Ratio
C gets 1/5.
Remaining = 4/5.
A:
4/5 × 3/5 = 12/25
B:
4/5 × 2/5 = 8/25
C:
1/5 = 5/25
New Ratio = 12:8:5
2. Sacrificing Ratio
A:
15/25 − 12/25 = 3/25
B:
10/25 − 8/25 = 2/25
Sacrificing Ratio = 3:2
3. Goodwill
C brings ₹20,000.
A gets:
₹20,000 × 3/5 = ₹12,000
B gets:
₹20,000 × 2/5 = ₹8,000
4. Revaluation Profit
Credit:
Machinery increase = ₹10,000
Debit:
Stock decrease = ₹4,000
Creditors increase = ₹2,000
Revaluation profit:
₹10,000 − ₹6,000
= ₹4,000
This is transferred to A and B in 3:2.
A = ₹2,400
B = ₹1,600
5. General Reserve
₹30,000 in 3:2.
A = ₹18,000
B = ₹12,000
⭐ Final Answers
| Particular | Answer |
|---|---|
| New Ratio | 12:8:5 |
| Sacrificing Ratio | 3:2 |
| Goodwill to A | ₹12,000 |
| Goodwill to B | ₹8,000 |
| Revaluation Profit | ₹4,000 |
| Revaluation Profit to A | ₹2,400 |
| Revaluation Profit to B | ₹1,600 |
| Reserve to A | ₹18,000 |
| Reserve to B | ₹12,000 |
31. Case-Based Question
A and B are partners sharing profits equally. They admit C as a new partner. C receives 1/4 share in future profits. C brings capital and goodwill.
Before admission, some assets are revalued and a General Reserve appears in the Balance Sheet.
Questions
1. Why is a new profit-sharing ratio calculated?
Because the new partner receives a share of future profits.
2. What ratio is used to distribute revaluation profit?
Old profit-sharing ratio.
3. What ratio is used for goodwill compensation?
Sacrificing ratio.
4. To whom is General Reserve transferred?
Old partners in their old profit-sharing ratio.
5. Why is capital adjusted?
To bring partners' capitals in accordance with the new agreement.
32. Assertion-Reason Practice
Assertion (A)
At the time of admission, revaluation profit is transferred to old partners.
Reason (R)
The new partner was not a partner when the increase in asset values occurred.
Answer
Both A and R are true, and R correctly explains A.
Assertion (A)
Goodwill brought by a new partner is distributed among old partners in the new profit-sharing ratio.
Reason (R)
Goodwill compensates old partners for the share of profit sacrificed by them.
Answer
Assertion is false. Reason is true.
Goodwill is distributed among sacrificing partners in the sacrificing ratio.
33. MCQs – Admission of Partner
1. A new partner can be admitted with:
A. Consent of new partner only
B. Consent of one old partner
C. Consent of all existing partners
D. Consent of creditors
Answer: C
2. Sacrificing Ratio is calculated as:
A. New Ratio − Old Ratio
B. Old Ratio − New Ratio
C. Old Ratio + New Ratio
D. New Ratio ÷ Old Ratio
Answer: B
3. Revaluation profit is transferred to:
A. All partners in new ratio
B. New partner only
C. Old partners in old ratio
D. New partner in new ratio
Answer: C
4. Goodwill brought by a new partner is generally credited to:
A. New partner only
B. Sacrificing partners
C. All partners equally
D. Revaluation Account
Answer: B
5. Existing General Reserve is distributed among:
A. New partner
B. Old partners
C. Creditors
D. All partners in new ratio
Answer: B
6. A new partner brings capital mainly for:
A. Increasing drawings
B. His contribution to the firm
C. Paying old partner's salary
D. Creating reserve
Answer: B
34. Quick Revision – Admission of Partner
Remember this sequence:
NEW → SACRIFICE → GOODWILL → REVALUATION → RESERVES → CAPITAL → BALANCE SHEET
This is one of the easiest ways to remember the admission chapter.
35. Admission of Partner – One-Minute Revision
New Ratio
Old Share − Sacrifice = New Share
Sacrificing Ratio
Old Ratio − New Ratio
Goodwill
New Partner compensates old partners
Goodwill Distribution
Sacrificing Ratio
Revaluation Profit/Loss
Old Partners' Old Ratio
Reserves
Old Partners' Old Ratio
Accumulated Losses
Old Partners' Old Ratio
Capital Adjustment
According to new agreement/new ratio
36. Common Mistakes Students Make
❌ Mistake 1: Using New Ratio instead of Sacrificing Ratio
For goodwill distribution, check who sacrifices.
❌ Mistake 2: Giving Revaluation Profit to the New Partner
Revaluation profit belongs to old partners.
❌ Mistake 3: Distributing General Reserve in New Ratio
Existing reserve relates to the period before admission.
Therefore, it goes to old partners in the old ratio.
❌ Mistake 4: Forgetting to convert fractions
Always take the LCM when calculating new ratios.
❌ Mistake 5: Writing only the final answer
In numerical questions, show:
Working → Formula → Calculation → Final Answer
❌ Mistake 6: Confusing goodwill with capital
Capital is the partner's investment.
Goodwill represents the value of the firm's reputation.
37. Important Practice Questions – Try Yourself
Question 1
A and B share profits in 3:2. C is admitted for 1/5 share, acquired equally from A and B.
Find the new ratio.
Answer: 5:3:2
Question 2
A and B share profits in 3:2. C is admitted for 1/5 share, acquired from A only.
Find the new ratio.
Answer: 2:2:1
Question 3
Goodwill of the firm is ₹2,00,000. C is admitted for 1/5 share. Calculate C's share of goodwill.
Answer: ₹40,000
Question 4
A and B share profits in 3:2. General Reserve is ₹50,000. Find each partner's share.
Answer:
A = ₹30,000
B = ₹20,000
Question 5
Machinery increases by ₹15,000 and stock decreases by ₹5,000. Creditors increase by ₹2,000. Calculate revaluation profit.
Answer: ₹8,000
38. Important Links for Class 12 Accountancy Students
For complete preparation, don't study Admission of Partner separately. Connect it with the other Partnership topics.
📘 Complete Partnership Firms Notes
Read the complete CBSE Class 12 Accountancy Unit 1 – Accounting for Partnership Firms notes on Commerce Wallah. It covers partnership, partnership deed, fixed/fluctuating capital, Profit & Loss Appropriation, guarantee and past adjustments.
Read Complete Partnership Firms Notes – Commerce Wallah
📕 Accounting for Share Capital
After completing Partnership, revise Company Accounts with the detailed Share Capital notes:
Class 12 Accountancy – Accounting for Share Capital Notes
📙 Accounting for Debentures
For the next important Company Accounts topic:
Class 12 Accountancy – Accounting for Debentures Notes
📚 Commerce Wallah Home
For more CBSE Class 11 & 12 Accountancy, Business Studies and Economics notes:
Commerce Wallah – CBSE Commerce Notes
39. CBSE 2026–27 Official Syllabus
Students should always check the official CBSE syllabus before final preparation.
The official CBSE Class 12 Accountancy 2026–27 syllabus gives 36 marks to Accounting for Partnership Firms within the 80-mark theory paper. The syllabus specifically includes admission of a partner and its related accounting treatments.
CBSE Official Accountancy Syllabus 2026–27
40. Frequently Asked Questions – Admission of Partner
Q1. What is the most important formula in Admission of Partner?
Sacrificing Ratio = Old Ratio − New Ratio
Q2. Who gets the goodwill brought by the new partner?
The sacrificing partners.
Q3. In which ratio is revaluation profit distributed?
Old profit-sharing ratio.
Q4. In which ratio are existing reserves distributed?
Old profit-sharing ratio.
Q5. What is the difference between new ratio and sacrificing ratio?
New ratio shows the future profit-sharing arrangement.
Sacrificing ratio shows the share sacrificed by existing partners for the new partner.
Q6. Is Admission of Partner a numerical or theory topic?
It is both. Students should prepare concepts, journal entries, calculations and full-format questions.
Q7. Which topics should I practise first?
Start with:
New Ratio → Sacrificing Ratio → Goodwill → Revaluation → Reserves → Capital Adjustment → Balance Sheet
41. Final Board Exam Strategy
If you have limited time, follow this order:
Day 1
Learn:
New Ratio
Sacrificing Ratio
Goodwill
Day 2
Practise:
Goodwill numericals
Revaluation Account
Day 3
Practise:
Reserves
Accumulated Profits/Losses
Capital Adjustment
Day 4
Solve:
Full admission questions
Balance Sheet questions
Day 5
Attempt:
MCQs
Case-based questions
Assertion-Reason
Previous-year/PYQ-style questions
🎯 Final Takeaway
Admission of Partner is not difficult if you follow the correct sequence.
Just remember:
NEW RATIO → SACRIFICING RATIO → GOODWILL → REVALUATION → RESERVES → CAPITAL → BALANCE SHEET
Whenever you see an admission question in the examination, don't panic.
First identify:
Who is the new partner?
What share does he receive?
Who sacrifices?
What is the goodwill treatment?
What changes in assets and liabilities?
What happens to reserves?
How are capitals adjusted?
Then solve the question step by step.
⭐ CommerceWallah12 Exam Mantra
Understand the concept → Write the formula → Show working → Pass correct entry → Check the final answer.
This approach will help you solve Admission of Partner questions with much more confidence in the CBSE Class 12 Accountancy Board Examination.
Keep practising. Keep revising. Keep improving.
CommerceWallah12 | Shobhan Joshi
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📙 Class 12 Business Studies Notes
- Class 12 Business Studies Chapter 1 Notes
- Class 12 Business Studies Chapter 2 Notes
- Class 12 Business Studies Chapter 3: Business Environment Notes
- Class 12 Business Studies Chapter 4: Planning Notes
- Class 12 Business Studies: Organising Notes
- Class 12 Business Studies: Staffing Notes
- Class 12 Business Studies: Directing Notes
- Class 12 Business Studies: Controlling Notes
- Class 12 Business Studies: Financial Management Notes
- Class 12 Business Studies: Financial Markets Notes
- Fayol’s 14 Principles of Management Class 12 Notes
- Process of Planning Class 12 Business Studies Notes
- Planning Chapter Kaise Yaad Rakhen – Class 12 Business Studies
📝 Class 12 Business Studies Practice
- Class 12 Business Studies: 50 MCQs
- Class 12 BST Chapter 1: 50 MCQs
- Class 12 BST Chapter 2: 50 MCQs
- Class 12 BST Planning Case Studies with Answers 2027
- Class 12 Business Studies Case Studies with Answers PDF
- CBSE Class 12 Business Studies Sample Paper 2026-27 with Solutions PDF
- CBSE Class 12 BST Sample Paper 2026-27 Solved PDF
- Class 12 BST Half Yearly Question Paper 2026-27 with Answers PDF
- Class 12 BST Project File: Marketing Management PDF
📈 Class 12 Economics Notes and Practice
- Class 12 Economics: National Income and Related Aggregates Notes
- Class 12 Economics: Money and Banking Notes
- Class 12 Macroeconomics: Determination of Income and Employment Notes
- Class 12 Macroeconomics and Indian Economic Development Full Notes
- Money and Banking Class 12 Notes: M1, M2, M3, M4 and Barter System
- Indian Economy on the Eve of Independence Class 12 Notes PDF
- Indian Economy 1950-1990 Class 12 Economics Notes
- Class 12 Economics Important Questions 2027: Macro and IED</
👉 Class 12 All Chapters Notes
👉 Class 11 Commerce Notes
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