Change in Profit-Sharing Ratio: Chapter Test (CBSE Class 12)
Chapter test on Change in Profit-Sharing Ratio for CBSE Class 12: sacrificing and gaining ratio, goodwill adjustment, reserves, revaluation, WCR and past adjustments.
Last updated October 2026
English
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Access this test package with 1 full-length mock tests (1 free tests included)
Test series content
1 tests•30 total questions•1 free tests
Change in Profit-Sharing Ratio: Chapter Test
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What you'll master
Find the sacrificing and gaining ratio quickly for any change in ratio
Pass the goodwill adjustment entry between partners correctly
Treat reserves, WCR and IFR in all three cases
Work out the effect of revaluation on each partner's capital
Learn from a written explanation for every answer
Description
Change in Profit-Sharing Ratio: Chapter Test (CBSE Class 12)
A complete chapter test on Change in Profit-Sharing Ratio 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
- Sacrificing and gaining ratio for two- and three-partner firms
- Goodwill adjustment between gaining and sacrificing partners
- Reserves and accumulated profits/losses in the old ratio
- Workmen Compensation Reserve and Investment Fluctuation Reserve (all cases)
- Revaluation: bad debts, provisions, bills payable and expenses
- Net effect entries when balances are retained
- Adjustment of past profit distributed in the old ratio
Who it's for
- CBSE Class 12 Commerce students revising reconstitution of a firm
- Students who want practice on sacrificing and gaining ratio 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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