Admission of a Partner: Chapter Test (CBSE Class 12)
Chapter test on Admission of a Partner for CBSE Class 12: new ratio, sacrificing ratio, goodwill, hidden goodwill, revaluation, reserves and capital adjustment.
Last updated October 2026
English
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Test series content
1 tests•30 total questions•1 free tests
Admission of a Partner: Chapter Test
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What you'll master
Find the new and sacrificing ratio when a partner is admitted
Pass the correct entries for premium, raised and hidden goodwill
Prepare revaluation and adjust reserves among old partners
Calculate the capital each partner must bring or withdraw
Learn from a written explanation for every answer
Description
Admission of a Partner: Chapter Test (CBSE Class 12)
A complete chapter test on Admission of a Partner for CBSE Class 12 Accountancy. One test, 30 questions, 2 marks each (total 60 marks), no negative marking, and an explanation for every answer.
What's covered
- New profit-sharing ratio and sacrificing ratio in different situations
- Goodwill: premium in cash, goodwill raised, goodwill paid privately, premium not brought
- Hidden goodwill from the new partner's capital
- Revaluation: assets, liabilities, unrecorded items
- Reserves, accumulated losses, WCR and IFR at admission
- Adjustment of capital: required capital, amounts to be brought or withdrawn
Who it's for
- CBSE Class 12 Commerce students revising admission of a partner
- Students who want practice on goodwill and capital adjustment numericals
Key highlights
- 30 questions on the whole chapter
- Concept, numerical and assertion-reason questions
- Explanations for every answer
- Free for everyone
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