Chapter 2: Reconstitution of a Partnership Firm – Admission of a Partner
Part A — Accounting for Partnership Firms and Companies
Chapter 2: Reconstitution of a Partnership Firm — Admission of a Partner
Total Questions: 30 • Time: 30 minutes
Score: 0 / 30
Content Bank — Chapter 2 (Key topics)
- Admission of a partner — effects and accounting treatment
- Goodwill: meaning, valuation methods, treatment on admission
- Sacrifice ratio, gaining ratio and adjustment of capitals
- Revaluation (Reconstitution) of assets and liabilities
- Adjustment of reserves, accumulated profits and fictitious assets
- Treatment of partner's capital — fixed and fluctuating systems
Highlight: These MCQs are designed strictly as per the NCERT syllabus, ideal for CBSE board exam preparation.
