CBSE · Class 12 · Accountancy
Admission of a Partner
Chapter 1.3Accounting for Partnership FirmsCBSE / NCERT · Secondary & Senior Secondary
Topics
Admission
- New profit-sharing ratio
- Goodwill treatment under AS 26
- Revaluation and reserves
- Capital adjustment, capital and current accounts and balance sheet
Learning objectives
- Record the admission of a partner including goodwill and capital adjustments.
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