UNIT 5-Admission of a Partner

1.Introduction
2.Adjustments required at the time of admission of a partner
3.Distribution of accumulated profits, reserves and losses
4.Revaluation of assets and liabilities
5.When revised value of assets and liabilities are shown in the books
6.New profit sharing ratio and sacrificing ratio
7.New profit sharing ratio
8.Sacrificing ratio
9.Adjustment of capital on the basis of new profit sharing ratio all comprehensive problem except treatment of good will