Admission of a Partner
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About Admission of a Partner
This CBSE Class 12 Accountancy chapter explains Admission of a Partner by showing how a firm's accounts change when a new partner joins. It covers the effects of admission, new profit-sharing ratio, sacrificing ratio, goodwill treatment under AS-26, premium brought in cash or kind, hidden goodwill, revaluation of assets and liabilities, accumulated reserves, and capital adjustments.
These concepts are applied when an expanding partnership adds capital, skill, or reputation through a new partner while protecting the interests of existing partners. For board exams, school tests, and revision, this chapter is highly useful because questions often test goodwill entries, revaluation account, balance sheet reconstruction, capital account preparation, and ratio-based adjustments.
Chapter information
- Class
- Class 12
- Subject
- Accountancy
- Chapter
- Admission of a Partner
- Total resources
- 3 PDFs
Frequently asked questions
What is Admission of a Partner in Class 12 Accountancy?
Admission of a Partner is an NCERT chapter in CBSE Class 12 Accountancy. This Ribblu page collects 3 worksheets, question papers and study PDFs tagged to that chapter for practice and revision.
What topics are covered in Admission of a Partner?
Open the worksheets and question banks on this page to practise the key concepts taught under Admission of a Partner in the Class 12 Accountancy syllabus. Resources are organised by resource type so you can focus on drills, question banks or test papers.
Are these Admission of a Partner worksheets based on NCERT?
Yes. Ribblu lists CBSE Class 12 Accountancy material intended to support NCERT chapter Admission of a Partner — including 3 question bank and other PDFs on this page.
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Can these Admission of a Partner resources be used for exams?
Yes. Use chapter-wise worksheets, question banks and test papers for unit tests, periodic tests and board exam revision. For full subject collections, open the subject hub from this page.
How many chapters are there in Class 12 Accountancy?
Ribblu lists resources across 10 Accountancy chapters for Class 12. Browse all chapters from the subject hub linked on this page.
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