MCQ Admission of a Partner Class 12
The CBSE board examinations pattern is changing, with a growing emphasis on Multiple Choice Questions (MCQs) and Competency Based Questions (CBQs). To stay ahead, it's crucial to adapt your study approach, shifting focus from traditional long-answer numerical questions to questions as per new pattern.
MCQ Admission of a Partner
- Admission of a new partner is an important topic in class 12 accountancy syllabus. At the time of admission of a new partner 5 kinds of adjustments are made.
- 1) Calculation of New ratio and sacrificing ratio
- 2) Goodwill accounting
- 3) Adjustment for reserves, accumulated profits and accumulated losses
- 4) Revaluation of assets and Liabilities
- Capital Adjustments
- All the above adjustments are done whenever there is reconstitution of partnership firm. Whether there is change in profit sharing ratio, or there is admission of a new partner or there is retirement or death of some partner. The below MCQ questions covers all the aspects of accounting at the time of admission of a partner and help you clear your concepts in all the above topics.
Class 12 accountancy MCQ admission of a partner are useful for the following courses :
- Class 12 board exams including CBSE/ICSE/State Boards
- CUET-UG
- CA Foundation
- CS Foundation
- CMA Foundation
- Competitive exams incorporating similar syllabus
Key Benefits:
- Concept clarity
- Enhanced skills for solving numerical questions
- Comprehensive preparation for competitive exams
- Fun, interactive learning experience
Below you will find the topic wise MCQ Partnership Fundamentals.
MCQ Questions on Admission of a Partner
New Ratio and Sacrificing Ratio - MCQ Test 1
New Ratio and Sacrificing Ratio - MCQ Test 2
Accounting for Goodwill on admission - MCQ Test 1
Accounting for Goodwill on admission - MCQ Test 2
Accounting Treatment of Reserves and Accumulated Profits - MCQ Test 1
Accounting Treatment of Reserves and Accumulated Profits - MCQ Test 2
Revaluation of Assets and Liabilities - MCQ Test 1
Revaluation of Assets and Liabilities - MCQ Test 2
Adjustment of Capital on admission of a partner - MCQ Test 1
Adjustment of Capital on admission of a partner - MCQ Test 2