Chapter-wise & Topic-wise Notes for Class 12 Accountancy I – Chapter 2: Reconstitution of a Partnership Firm – Admission of a Partner
Artham Resources provides comprehensive, chapter-wise and topic-wise notes for Class 12 Accountancy I, focusing on Chapter 2: Reconstitution of a Partnership Firm – Admission of a Partner. This chapter explains the accounting treatment when a new partner is admitted to a partnership firm, including adjustments for goodwill, revaluation of assets and liabilities, and changes in profit-sharing ratios.
💡 Key Features
📖 Chapter-wise & Topic-wise Breakdown for Reconstitution of a Partnership Firm – Admission of a Partner
📝 Solved Examples & Practice Questions to help students practice preparing Revaluation Account, Partners’ Capital Accounts, and Balance Sheet after admission of a partner.
✍️ Important Points & Key Terms for quick revision and exam preparation: admission of partner, goodwill, revaluation, profit-sharing ratio, capital adjustment, new partner contribution, undivided profits.
🧾 NCERT & CBSE Aligned, ensuring complete syllabus coverage and exam-oriented preparation.
📚 Ideal for Board Exams, Term Exams & Daily Study, providing structured notes that simplify the accounting treatment for the admission of a partner.
Fatima Khan –
My daughter uses these notes for self-study. The content is clear and simple, which has improved her understanding a lot.