Arrange the following regarding admission procedure in the correct sequence.
(A) Giving share to the new partner.
(B) Treatment of Goodwill
(C) Calculating new profit sharing ratio & sacrificing ratio
(D) Preparation of Revaluation A/c
(E) Preparing Partner's Capital A/c and Balance Sheet
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A), (C), (B), (D), (E)
Once the new partner is given a share, the points that need attention follow in this order:
(A) Giving share to the new partner.
(C) Calculating new profit sharing ratio and sacrificing ratio.
(B) Treatment of goodwill.
(D) Preparation of Revaluation Account.
(E) Preparing partners’ capital accounts and the balance sheet.
NCERT (2026-27 edition):
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