Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner) – Unimax Publications Class +2 – Solution

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner) – Unimax Publications Class +2 – Solution of all practical problems with the animation and videos. First, we will clarify the meaning of the term Admission of a Partner shown as follows: 

Admission of Partner referred to entering a new partner or partner in the partnership firm for the share of profit and paying off his or their share of the firm’s goodwill and capital. When the firm needs more funding or services/knowledge to grow their business then they approach the new partner(s) against a share in the profit of the firm with the consent of all old partners. 

What is the Admission of Partner: –

The admission of the partner refers to the situation where an individual joins the existing partnership firm and the old partners agree to sacrifice their share of profit. This is the mode of reconstitution of Partnership Because, with the admission of a new partner, there is a need to create a new agreement/deed between all partners including the new partner and ends the existing agreement/deed. 

There will be a New profit sharing ratio among all partners because all(minimum one) old partners will sacrifice some portion of their profit share in the firm and the new partner will get some portion of the share of profit as per the deal with the old partners. 

Read the Full Article from the following link: –

Admission of Partner – Effects and Adjustments

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner) – Unimax Publications Class +2 – Solution

Question wise solutions of the all Questions of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner) – Unimax Publications Class +2 – Solutions are shown below: –

Question 1 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 1 Chapter 5 - Unimax Class 12 Part 1 1. A and B are partners sharing profits and losses ...
Question 2 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 2 Chapter 5 - Unimax Class 12 Part 1 2. A and B are partners sharing profits and losses ...
Question 3 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 3 Chapter 5 - Unimax Class 12 Part 1 3. A and B are partners sharing profits and losses ...
Question 4 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 4 Chapter 5 - Unimax Class 12 Part 1 4. P and Q are partners sharing profits and losses ...
Question 5 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 5 Chapter 5 - Unimax Class 12 Part 1 5. A, B and C share the profits and losses ...
Question 6 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 6 Chapter 5 - Unimax Class 12 Part 1 6. K, L and M are partners sharing in ratio ...
Question 7 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 7 Chapter 5 - Unimax Class 12 Part 1 7. A and B are partners sharing profits and losses ...
Question 8 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 8 Chapter 5 - Unimax Class 12 Part 1 8. X and Y were partners sharing profits in the ...
Question 9 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 9 Chapter 5 - Unimax Class 12 Part 1 9. X and Y are partners sharing profits and losses ...
Question 10 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 10 Chapter 5 - Unimax Class 12 Part 1 10. X and Y share profits and losses in ratio ...
Question 11 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 11 Chapter 5 - Unimax Class 12 Part 1 11. A, B, C and D are in partnership sharing ...
Question 12 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 12 Chapter 5 - Unimax Class 12 Part 1 12. X and Y were partners in a firm sharing ...
Question 13 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 13 Chapter 5 - Unimax Class 12 Part 1 13. A and B were partners in a firm sharing ...
Question 14 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 14 Chapter 5 - Unimax Class 12 Part 1 14. Kanu and Shruti were partners in a firm sharing ...
Question 15 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 15 Chapter 5 - Unimax Class 12 Part 1 15. A and B are partners sharing profits in 9 ...
Question 16 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 16 Chapter 5 - Unimax Class 12 Part 1 - 2021 16. A and B are partners sharing profits ...
Question 17 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 17 Chapter 5 - Unimax Class 12 Part 1 - 2021 17. A and B are partners sharing profits ...
Question 18 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 18 Chapter 5 - Unimax Class 12 Part 1 - 2021 18. A, B and C are partners sharing ...
Question 19 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 19 Chapter 5 - Unimax Class 12 Part 1 - 2021 19. A and B were partners in a ...
Question 21 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 21 Chapter 5 - Unimax Class 12 Part 1 - 2021 21. A and B are partners sharing profits ...
Question 22 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 22 Chapter 5 - Unimax Class 12 Part 1 - 2021 22. A, B and C are partners in ...
Question 23 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 23 Chapter 5 - Unimax Class 12 Part 1 - 2021 23. P and Q are partners sharing profits ...
Question 24 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 24 Chapter 5 - Unimax Class 12 Part 1 - 2021 24. Ram, Sham and Mohan were three partners ...
Question 25 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 25 Chapter 5 - Unimax Class 12 Part 1 - 2021 25. A and B are partners sharing profits ...
Question 26 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 26 Chapter 5 - Unimax Class 12 Part 1 - 2021 26. R and S are partners sharing profits ...
Question 27 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 27 Chapter 5 - Unimax Class 12 Part 1 - 2021 27. Aditi and Charvi are partners sharing profits ...
Question 28 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 28 Chapter 5 - Unimax Class 12 Part 1 - 2021 28. P and Q were partners sharing profits ...
Question 29 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 29 Chapter 5 - Unimax Class 12 Part 1 - 2021 29. A and B are partners in a ...
Question 30 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 30 Chapter 5 - Unimax Class 12 Part 1 - 2021 30. P and Q are two partners sharing ...
Question 31 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 31 Chapter 5 - Unimax Class 12 Part 1 - 2021 31. A and B are partners sharing profits ...
Question 32 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 32 Chapter 5 - Unimax Class 12 Part 1 - 2021 32. M and N are partners sharing profits ...
Question 33 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 33 Chapter 5 - Unimax Class 12 Part 1 - 2021 33. P and Q share profits in the ...
Question 34 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 34 Chapter 5 - Unimax Class 12 Part 1 - 2021 34. A, B and C were in partnership ...
Question 35 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 35 Chapter 5 - Unimax Class 12 Part 1 - 2021 35. A and B are partners with capitals ...
Question 36 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 36 Chapter 5 - Unimax Class 12 Part 1 - 2021 36. A, B and C are in partnership ...
Question 38 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 37 Chapter 5 - Unimax Class 12 Part 1 - 2021 37. K, L and M are partners with ...
Question 38 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 38 Chapter 5 - Unimax Class 12 Part 1 - 2021 38. A and B are partners with capitals ...
Question 39 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 39 Chapter 5 - Unimax Class 12 Part 1 - 2021 39. Varun and Nishant are partners in a ...
Question 40 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 40 Chapter 5 - Unimax Class 12 Part 1 - 2021 40. P and Q are in partnership sharing ...
Question 41 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 41 Chapter 5 - Unimax Class 12 Part 1 - 2021 41. X and Y are partners in a ...
Question 42 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 42 Chapter 5 - Unimax Class 12 Part 1 - 2021 42. M and N are partners in a ...
Question 43 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 43 Chapter 5 - Unimax Class 12 Part 1 - 2021 43. A and B are partners sharing profits ...
Question 44 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 44 Chapter 5 - Unimax Class 12 Part 1 - 2021 44. A and B are partners sharing profits ...
Question 45 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 45 Chapter 5 - Unimax Class 12 Part 1 - 2021 45. Vimal and Nirmal are partners in a ...
Question 46 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 46 Chapter 5 - Unimax Class 12 Part 1 - 2021 46. The Balance Sheet of A and B, ...
Question 47 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 47 Chapter 5 - Unimax Class 12 Part 1 - 2021 47. The Balance Sheet of A and B ...
Question 48 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 48 Chapter 5 - Unimax Class 12 Part 1 - 2021 48. A and B are partners in a ...
Question 49 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 49 Chapter 5 - Unimax Class 12 Part 1 - 2021 49. The Balance Sheet of A and B ...
Question 50 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 50 Chapter 5 - Unimax Class 12 Part 1 - 2021 50. The Balance Sheet of A and B ...
Question 51 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 51 Chapter 5 - Unimax Class 12 Part 1 - 2021 51. A and B were in partnership sharing ...
Question 52 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 52 Chapter 5 - Unimax Class 12 Part 1 - 2021 52. X, Y and Z are equal partners ...
Question 53 Chapter 5 - Unimax Class 12 Part 1 - 2021
Question 53 Chapter 5 - Unimax Class 12 Part 1 - 2021 53. The Balance Sheet of Krishan and Sudama, ...
question 54 - uimax
Question 54 Chapter 5 - Unimax Class 12 Part 1 - 2021 54. A firm has two partners X and ...
question 55 - UNIMAX
Question 55 Chapter 5 - Unimax Class 12 Part 1 - 2021 55. A and B are equal partners of ...
question 56 -UNIMAX
Question 56 Chapter 5 - Unimax Class 12 Part 1 - 2021 56. The following was the Balance Sheet of ...
question 57 -UNIMAX
Question 57 Chapter 5 - Unimax Class 12 Part 1 - 2021 57. Gupta, Goel and Garg were partners sharing ...
question 58 - UNIMAX
Question 58 Chapter 5 - Unimax Class 12 Part 1 - 2021 58. The Balance Sheet of X and Y ...
question 59 - UNIMAX
Question 59 Chapter 5 - Unimax Class 12 Part 1 - 2021 59. A and B are partners sharing profits ...
question 60 -UNIMAX
Question 60 Chapter 5 - Unimax Class 12 Part 1 - 2021 60. A and B are partners sharing profits ...
question 61 -UNIMAX
Question 61 Chapter 5 - Unimax Class 12 Part 1 - 2021 61. Black and White are partners sharing profits ...
question 62 -UNIMAX
Question 62 Chapter 5 - Unimax Class 12 Part 1 - 2021 62. G and S were partners in a ...
question 63 - UNIMAX
Question 63 Chapter 5 - Unimax Class 12 Part 1 - 2021 63. Ramesh and Rahim sharing profits and losses ...
question 64 - UNIMAX
Question 64 Chapter 5 - Unimax Class 12 Part 1 - 2021 64. A, B and C are partners in ...
question 65 - UNIMAX
Question 65 Chapter 5 - Unimax Class 12 Part 1 - 2021 65. A and B share profits in the ...
question 66 - UNIMAX
Question 66 Chapter 5 - Unimax Class 12 Part 1 - 2021 66. A and B were partners in a ...
question 67 - UNIMAX
Question 67 Chapter 5 - Unimax Class 12 Part 1 - 2021 67. A, B and C are partners sharing ...
question 68 - UNIMAX
Question 68 Chapter 5 - Unimax Class 12 Part 1 - 2021 68. Ashok and Kishore were partners in a ...
question 69 - UNIMAX
Question 69 Chapter 5 - Unimax Class 12 Part 1 - 2021 69. Ram, Rahim and Jakob are equal partners ...
question 70 - UNIMAX
Question 70 Chapter 5 - Unimax Class 12 Part 1 - 2021 70. The following was the Balance Sheet of ...
question 71 - UNIMAX
Question 71 Chapter 5 - Unimax Class 12 Part 1 - 2021 71. A, B and C were partners sharing ...
question 72 -UNIMAX
Question 72 Chapter 5 - Unimax Class 12 Part 1 - 2021 72. Aviral and Advitya are partners sharing profits ...
question 73 -UNIMAX
Question 73 Chapter 5 - Unimax Class 12 Part 1 - 2021 73. A and B are partners sharing Profits ...
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