# CBSE Class 12 Accountancy Admission of A Partner Worksheet Set C

Read and download free pdf of CBSE Class 12 Accountancy Admission of A Partner Worksheet Set C. Download printable Accountancy Class 12 Worksheets in pdf format, CBSE Class 12 Accountancy Part 1 Chapter 3 Reconstitution of a Partnership Firm Admission of a Partner Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Accountancy Class 12 Assignments and practice them daily to get better marks in tests and exams for Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern

## Part 1 Chapter 3 Reconstitution of a Partnership Firm Admission of a Partner Accountancy Worksheet for Class 12

Class 12 Accountancy students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Accountancy will be very useful for tests and exams and help you to score better marks

### Class 12 Accountancy Part 1 Chapter 3 Reconstitution of a Partnership Firm Admission of a Partner Worksheet Pdf

I. Following QUESTIONS are of 1 Mark .

Calculation of New Profit Sharing Ratio

1. A and B are Partners sharing Profits and Losses in the ratio 3:1. C was admitted as a new Partner for 1/4th share. Calculate the new Profit sharing ratio.

2. A and B are Partners sharing Profits and Losses in the ratio 2:3. C was admitted as a new Partner for 1/5th share. Calculate the new Profit sharing ratio.

3. A, B and C are Partners sharing profits and losses in the ratio3:1:1. D is admitted as a new partner for 1/5th share and C retains his original share. Calculate the NPSR.

4. P, Q and R are Partners sharing profits and losses in the ratio 3:2:1. S is admitted as a new partner for 1/6th share and Q retains his original share. Calculate the NPSR.

5. A and B are Partners sharing Profits and Losses in the ratio 3:2. C was admitted as a new Partner for 1/4th share. A and B will share future profits in the ratio 2:1. Calculate the new Profit sharing ratio.

6. A and B are Partners sharing Profits and Losses in the ratio 5:3. C was admitted as a new Partner for 1/5th share. A and B will share future profits in the ratio 1:1. Calculate the new Profit sharing ratio.

7. A and B are Partners sharing Profits and Losses in the ratio 3:2. C was admitted for 3/7th share. which he acquires 2/7th from A and 1/7th from B. Calculate the new Profit sharing ratio.

8. M and N are Partners sharing Profits and Losses in the ratio 5:3. O was admitted for 1/5th share which he acquires 1/10th from M and 1/10th from N.. Calculate the new Profit sharing ratio.

9. X and Y are Partners sharing Profits and Losses in the ratio 3:2. Z was admitted as a new partner. X surrendered 1/5th of his share and Y surrendered 2/5th of his share in flavor of Z Calculate the new Profit sharing ratio.

10.X and Y are Partners sharing Profits and Losses in the ratio 4:3. Z was admitted as a new partner. X surrendered 1/4th of his share and Y surrendered
1/3rd of his share in flavor of Z Calculate the new Profit sharing ratio.

11.X and Y are Partners sharing Profits and Losses in the ratio 9:6. Z was admitted as a new partner. X surrendered 3/15th of his share and Y surrendered 6/15th of his share in flavor of Z Calculate the new Profit sharing ratio.

12.X and Y are Partners sharing Profits and Losses in the ratio 3:2. Z was admitted as a new partner. X gives 1/3rd of his share and Y gives 1/10th from his share Calculate the new Profit sharing ratio.

13.A, B ,C and D are Partners sharing profits and losses in the ratio 9:6:5:5 respectively. E joined the firm as a new partner for 20% share. A,B C and D would in future share profits among themselves as 3:4:2:1.Calculate the NPSR.

14. A and B are Partners sharing Profits and Losses in the ratio 3:1. C was admitted as a new Partner for 1/4th share. C acquired his share in the proportion 2:1. Calculate the new Profit sharing ratio.

15. A and B are Partners sharing Profits and Losses in the ratio 4.1 C was admitted as a new Partner for 1/5th share. C acquired his share in the proportion 3:2. Calculate the new Profit sharing ratio.

16. P, Q and R are Partners sharing profits and losses in the ratio 3:2:1. S is admitted as a new partner for 1/6th share and the new profit sharing ratio will be 4:3:3:2. Calculate the Sacrificing share

17.A and B are Partners sharing Profits and Losses in the ratio 4.3 C was admitted as a new Partner for 1/5th share. C acquired his share in the proportion 3:2. Calculate the new Profit sharing ratio.

18.Ajit, Baljit and Charanjit are partners sharing profits in 5 : 3 : 2 ratio . They admitted Ajit’s son Daljit for 1/8th of the share which he acquired entirely from his father Ajit. Calculate new profit sharing ratio.

19.Mohan and Sohan are partners sharing profits in the ration of 3 : 2. They admit Karan and give him 1/5th share. He gets it equally from Mohan and Sohan. Find out the new ratio.

20.Amar, Bharat and Charat are partners sharing profits in the ratio of 5 : 3 : 2. They admit Sheetal and give him 20 % share. He gets his share from the old partners in their old ratio of 5 : 3 : 2. Calculate the new ratio.

21. Anu , Beena and Leena are sharing profits in the ratio of 5 : 3 : 2 . They admit Disha and give her 1/8th share, which she gets from Anu, Beena and Lena in the ratio of 3: 2: 1. Calculate the new ratio.

22. X and Y share profits in the ratio of 3: 2. They admit Z with 3/7 share in profits. He gets this share as 1/7 from X and 2/7 from Y. Calculate the new ratio.

23. Lalit, Mohan and Narinder share profits in the ratio of 3: 2: 1. They admit Upendra with 1/8th share in future profits. Calculate the new ratio.

24. Ajit and Baljit are partners sharing profits in the ratio of 3: 2. They admit Surjit as a new partner.Ajit surrenders 1/4th of his share and Baljit sacrifices 1/5th of his share. Calculate the new ratio.

25. A, B and C are partners sharing profits as 5 : 3 : 2 . They admit D and give him 1/5th of the share. It is decided that C’s share will not change. Calculate new ratio.

26. Amar and Akbar share profits in the ratio of 3 ; 2. They admit Babar with 1/6th of the share. Calculate the new ratio and sacrificing ratio.

27. X & Y share profits in the ratio of 4: 1. They admit Z with 1/5th share, which he gets only from X. Calculate new ratio and sacrificing ratio.

28.Laxman and Mohan share profits in the ratio of 5: 2. They admit Sunder with 1/8TH share. Sunder gets it:
a) equally from Laxman and Mohan
b) In the ratio of 3: 1 from Laxman and Mohan respectively.
Calculate the sacrificing ratio in both the above cases.

29.Preeti and Ritu share in the ratio of 7: 3. The admit Anshu. Preeti gives 1/3rd of her share and Ritu give 1/4th of her share to Anshu. Calculate Sacrificing ratio.

30.Seeta and Geeta shared profits in the ratio of 3: 2. Rita was admitted with 1/5th share. It was agreed that Seeta and Geeta will share future profits in the ratio of 2: 1. Calculate the new ratio and the sacrificing ratio.

31.Mala and Shalu shared pforits in the ratio of 3: 2. They admitted Kamala and agreed that their ratio will be 5: 3: 2. Calculate the sacrificing ratio.

32.Akash and Prakash shared profits as 2 : 3 . They admit Sudesh as a new partner. Akash, Prakash and Sudesh decide to share their profits in the ratio of 3: 2: 2 respectively. Calculate the gain or sacrifice made by each of the old partners on the admission of Sudesh.

II. Following QUESTIONS are of 3 Marks.

Treatment of Goodwil

1) M and J are partners sharing profits in the ratio of 3:2. They admitted R as a new partner. The new profit sharing ratio between M, J and R will be 5:3:2. R brought `25,000 for his share of Goodwill. Pass the necessary journal entries for goodwill.

2) Piyush and Deepika are partners sharing profits in the ratio of 7:3. They admit Seema as a new partner paying `4,000 as premium for 1/5th share. The new profit being 5:3:2. Pass journal entries.

3) A and B are partner sharing profits in the ratio of 3:2. Goodwill appears in their books at `3,000. They admit C into partnership, C paying a premium of `1,000 for one-fourth share in profits. A and B as between themselves sharing profits as before.

4) A and B are partners sharing profits in the ratio of 3:2. They admit C as new partner. C pays a premium of `3,000 for 3/10 share of profits which he acquires from A and B in the ratio of 2:1. Goodwill account appears in the books at `2,000. Pass journal entries.

5) A , B and C are partners sharing profits in the ratio of 5:3:2. Goodwill is appearing in the books at `50,000. D is admitted to the partnership, the new profit sharing ratio between A, B,C and D being 3:3:2:2. Pass the journal entries for Goodwill if the new partner D brings `1,00,000 for capital and cash for his share of goodwill. The goodwill of the firm is valued at `1,20,000 and it is not to appear in the books after D’s admission.

6) A and B are partners sharing profits in the ratio of 2:1. They admit C for 1/4th share in profits. C brings `30,000 for his capital and `8,000 out of his share of `10,000 for goodwill. Before admission goodwill appeared in books at `18,000. Pass journal entries.

7) E and F were partners in a firm sharing in the ratio of 3:1. They admitted G as a new partner on 1.3.2005 for 1/3rd share. It was decided that E, F and G will share future profits equally. G brought `50,000 in cash and machinery worth `70,000 for his share of profit as premium for goodwill. Pass necessary journal entries.

8) A and B are partners in a firm sharing profits in the ratio of 3:2. They admit C into partnership for 1/5th share. C brings `30,000 as capital and `10,000 as premium for goodwill. New profit sharing ratio of partners shall be 5:3:2. Pass necessary journal entries.

9) A and B are partners in a firm sharing profits in the ratio of 3:2. They admit C into partnership. C is paying a premium of `1,000 for 1/4th share of the profits. A, B and C decided to share the future in the ratio of 3:3:2. Pass journal entries.

10)A and B are partners in a firm sharing profits equally. They admit C into partnership. C pays only `1,000 for premium, out of his share of premium of `1,800 for 1/4th share of profit. Give necessary journal entries if the new profit sharing ratio is 7:5:4.

11)A and B are partners in a firm sharing profits in the ratio of 3:2. They admit C into partnership for 1/5th share in profits. C brought in `80,000 as his share of capital and `24,000 as premium. The new profit sharing ratio of A, B and C will be 5:3:2. Pass journal entries.

12)A and B are partners in a firm sharing profits in the ratio of 5:3. They admit C into partnership for 3/10th share in profits which he takes 2/10 from A and 1/10th from B, C brings in `3,000 as premium in cash out of his share of `7,800. Goodwill does not appear in the books of A and B. Pass journal entries.

13)A and B are partners in a firm with capitals of `26,000 and `22,000. They admit C as a partner for 1/4th share in profits of the firm. C brings `26,000 as his share of goodwill. Pass journal entries.

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