Notes-Class-12-Commerce-Book Keeping and Accountancy-Chapter-3-Reconstitution of Partnership (Admission of Partner)-Maharashtra Board

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Class – 12-Commerce-Notes

Medium – English

Board- Maharashtra State Board

Subject – Book Keeping and Accountancy

Chapter 3: Reconstitution of Partnership (Admission of Partner)

Price Rs.12 

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PDF Details :

  • Pages-16
  • Year -2025-26
  • Class – 12-Commerce-Notes
  • Medium – English
  • Board- Maharashtra State Board
  • Subject – Book Keeping and Accountancy
  • Chapter 3: Reconstitution of Partnership (Admission of Partner)
  • Price Rs.12
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Topics

(1) Meaning of Reconstitution of Partnership :

  • Different forms of reconstitution

(2) Admission of a partner :

  • Need
  • Capital brought by new partner
  • New Profit Sharing Ratio
  • Sacrifice Ratio
  • Meaning of Goodwill
  • Methods of Valuation of Goodwill
  • Average Profit Method
  • Super Profit Method
  • Treatment of Goodwill
  • Revaluation of Assets and Liabilities
  • Adjustment of accumulated Profits and Losses
  • Adjustment of Capitals

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