📘 Class 12 Accounts – Admission of Partner Meaning, Adjustments, Formulas, PYQs (2020–2024)
🌟 Meaning (Image me diya gaya hai)
👉 Admission of Partner = Jab ek naya partner firm me aata hai aur uske liye Goodwill, Capital, Revaluation, Reserves ka adjustment hota hai.
📝 Key Points (Text)
- Old firm dissolve hoti hai, new firm form hoti hai.
- Goodwill adjust hoti hai (sacrificing partners ko compensate karna padta hai).
- Revaluation A/c banaya jata hai → assets & liabilities ki fair value ke liye.
- Reserves & Accumulated Profits distribute hote hain old partners me.
- New Profit Sharing Ratio (NPSR) & Sacrificing Ratio calculate karna zaroori hai.
- Capital adjustment → ya to bring in cash ya adjust through current accounts.
🔑 Formulas
- New Ratio = Old Ratio + Gain Ratio
- Sacrificing Ratio = Old Ratio – New Ratio
- Capital (new partner) = Total Capital × Share of new partner
📌 PYQs (Past 5 Years – 2020 to 2024)
2024 – A, B and C are partners sharing profits in 3:2:1. D is admitted for 1/6th share. Calculate new ratio and sacrificing ratio. (3 marks)
2023 – Explain the treatment of reserves and accumulated profits at the time of admission of a partner. (3 marks)
2022 – A, B and C are partners. A new partner D is admitted. Goodwill of the firm is valued at ₹60,000. D brings his share in cash. Pass necessary journal entries. (4 marks)
2021 – Distinguish between sacrificing ratio and gaining ratio. (2 marks)
2020 – A, B and C are partners sharing profits in 4:6. C retires and D is admitted. Calculate new ratio. (2 marks)
🎯 Exam Tip
- Agar Q me Goodwill diya ho → Sacrificing Ratio zaroor nikalna.
- Agar Q me Reserves / Revaluation diya ho → Old partners ke ratio me distribute karna.
- Agar Q me Capital adjustment ho → Total capital ke basis pe naya partner ka capital fix karo.