{"id":83302,"date":"2023-08-24T16:39:00","date_gmt":"2023-08-24T11:09:00","guid":{"rendered":"https:\/\/www.kopykitab.com\/blog\/?p=83302"},"modified":"2023-09-01T16:41:34","modified_gmt":"2023-09-01T11:11:34","slug":"dk-goel-accountancy-class-12-solutions-vol-1-chapter-3","status":"publish","type":"post","link":"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/","title":{"rendered":"Class 12 Vol 1 Chapter 3 &#8211; Admission of a Partner DK Goel Solution 2023-24"},"content":{"rendered":"\n<p><img class=\"alignnone size-full wp-image-135563\" src=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/07\/DK-Goel-Accountancy-Class-12-solutions-Vol-1-Chapter-3-\u2013-Admission-of-a-Partner.jpg\" alt=\"DK Goel Accountancy Class 12 solutions Vol 1 Chapter 3\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/07\/DK-Goel-Accountancy-Class-12-solutions-Vol-1-Chapter-3-\u2013-Admission-of-a-Partner.jpg 1200w, https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/07\/DK-Goel-Accountancy-Class-12-solutions-Vol-1-Chapter-3-\u2013-Admission-of-a-Partner-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><span data-preserver-spaces=\"true\"><strong>DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3<\/strong> will be provided in this article. Chapter 3 of DK Goel Accountancy Class 12 is one of the most interesting and scoring chapters for the Accountancy subject CBSE Class 12 Board exams.<\/span><\/p>\n<ul>\n<li>Know more about <a href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy\/\" target=\"_blank\" rel=\"noopener\">CBSE Class 12 Accountancy<\/a><\/li>\n<\/ul>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_47_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d7cc47579a2\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d7cc47579a2\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-visibility-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/#download-dk-goel-accountancy-class-12-chapter-3-solutions-pdf\" title=\"Download DK Goel Accountancy Class 12 Chapter 3 Solutions PDF\">Download DK Goel Accountancy Class 12 Chapter 3 Solutions PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/#important-topics-covered-in-dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\" title=\"Important Topics Covered in DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3\u00a0\">Important Topics Covered in DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/#class-12-vol-1-admission-of-a-partner-dk-goel-solution-sample-questions\" title=\"Class 12 Vol 1 Admission of a Partner DK Goel Solution- Sample Questions\u00a0\u00a0\">Class 12 Vol 1 Admission of a Partner DK Goel Solution- Sample Questions\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/#faq-dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\" title=\"FAQ: DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3\">FAQ: DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/#what-is-ch-3-accounts-class-12-dk-goel-for-class-12\" title=\"What is ch 3 accounts class 12 DK Goel for Class 12?\">What is ch 3 accounts class 12 DK Goel for Class 12?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/#what-is-included-in-chapter-3-accounts-class-12-dk-goel\" title=\"What is included in Chapter 3 accounts class 12 DK Goel?\">What is included in Chapter 3 accounts class 12 DK Goel?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/#can-i-download-dk-goel-accountancy-solutions-for-class-12-chapter-3-for-free\" title=\"Can I download DK Goel Accountancy Solutions for Class 12 Chapter 3 for free? \">Can I download DK Goel Accountancy Solutions for Class 12 Chapter 3 for free? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/#dk-goel-accountancy-solutions-for-class-12-chapter-3-pdf-could-be-opened-on-my-smartphone\" title=\"Dk Goel Accountancy Solutions for Class 12 Chapter 3 PDF could be opened on my smartphone. \">Dk Goel Accountancy Solutions for Class 12 Chapter 3 PDF could be opened on my smartphone. <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/#what-are-the-important-topics-covered-in-dk-goel-accountancy-class-12-chapter-3-solutions\" title=\"What are the Important Topics covered in DK Goel Accountancy Class 12 Chapter 3 Solutions? \">What are the Important Topics covered in DK Goel Accountancy Class 12 Chapter 3 Solutions? <\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"download-dk-goel-accountancy-class-12-chapter-3-solutions-pdf\"><\/span><span data-preserver-spaces=\"true\">Download <\/span>DK Goel Accountancy Class 12 Chapter 3 Solutions <span data-preserver-spaces=\"true\">PDF<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">In this section, the students will get a sample of questions and answers which will help them in clearing their concepts. <\/span><span data-preserver-spaces=\"true\">Here is the pdf which students can easily download and it provides accurate DK Goel Accountancy Class 12 solutions Vol 1\u00a0 Chapter 3 for the questions.<\/span><\/p>\n<p><a href=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/04\/3.pdf\">DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3<\/a><\/p>\n<div id=\"example1\" style=\"text-align: justify;\">\u00a0<\/div>\n<p style=\"text-align: justify;\"><style>\n.pdfobject-container { height: 500px;}<br \/>\n.pdfobject { border: 1px solid #666; }<br \/>\n<\/style><\/p>\n<p style=\"text-align: justify;\"><script src=\"https:\/\/www.kopykitab.com\/_utility\/js\/pdfobject.min.js\"><\/script><br \/><script>PDFObject.embed(\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/04\/3.pdf\", \"#example1\");<\/script><\/p>\n<p><span data-preserver-spaces=\"true\"> While preparing for any concept it is important to understand the concept in detail to solve those accurately. <\/span><span data-preserver-spaces=\"true\">This pdf of DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3 is outlined keeping in mind the current <a href=\"https:\/\/www.cbse.gov.in\/\" target=\"_blank\" rel=\"noopener\">CBSE<\/a> syllabus of Class 12th. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It also helps the students to learn and comprehend the accounting basics which assists them to crack the complex questions simply.\u00a0<\/span><span data-preserver-spaces=\"true\">Just like the book contains a wide range of questions, here you can have these solutions easily.\u00a0\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"important-topics-covered-in-dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\"><\/span><span data-preserver-spaces=\"true\">Important Topics Covered in <\/span><span data-preserver-spaces=\"true\">DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Some important topics are discussed in Class 12 Accountancy Chapter 3 Solutions DK Goel. Also, the questions are based on these important topics.\u00a0\u00a0<\/span><\/p>\n<ol>\n<li><span data-preserver-spaces=\"true\">Meaning: According to the Partnership Act 1932, a new partner can be admitted into the firm only with the consent of all the existing partners unless otherwise agreed upon. With the admission of a new partner, the partnership firm is reconstituted and a new agreement is entered into to carry on the business of the firm.\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Need for a new partner\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Calculation of new profit sharing ratio: when the ratio of only the new Partner is given when the new partner purchases his share of profit from the old partners equally when the new partner purchases his share of profit from the old partners in a particular ratio when new Partners\u2019 share of profit is not given and the old partners sacrifice some part of their share in favor of the new partner.\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Adjustment required at the time of admission of a new partner\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Net profit sharing ratio\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Sacrificing ratio\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Treatment of goodwill, hidden goodwill,\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">When a new partner brings in proportionate capital\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Revaluation of assets and re-assessment of liabilities.\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Accounting treatment of reserves, undisturbed profits, and losses\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Adjustment of capital\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Adjustment of old partners&#8217; accounts\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Steps involved in the adjustment of capital\u00a0\u00a0<\/span><\/li>\n<\/ol>\n<p><span data-preserver-spaces=\"true\">These are the topics explained in detail in Admission of a Partner.\u00a0\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"class-12-vol-1-admission-of-a-partner-dk-goel-solution-sample-questions\"><\/span><span data-preserver-spaces=\"true\">Class 12 Vol 1 Admission of a Partner DK Goel Solution- Sample Questions\u00a0\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\"><strong>Q1. Mention the various matters that need adjustment at the time of admission of a partner.<\/strong> <\/span><\/p>\n<p>A. below are the matters that need adjustment at the time of admission of a partner:-<\/p>\n<ul>\n<li>Adjustment of Accumulated profits, Reserves, and Losses.<\/li>\n<li>adjustment of Goodwill.<\/li>\n<\/ul>\n<p><strong>Q2. Explain the accounting treatment of Goodwill when the new partner brings his share of goodwill on cash.<\/strong><\/p>\n<p>A. Here is the accounting treatment of goodwill:-<\/p>\n<ol>\n<li>For bringing goodwill in cash<\/li>\n<\/ol>\n<p>Bank A\/c Dr.<\/p>\n<p>To premium of Goodwill A\/c<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0 2. For distributing the amount of goodwill brought in by a new partner.<\/p>\n<p>A premium of goodwill A\/c Dr.<\/p>\n<p>To Sacrificing Partner&#8217;s Capital A\/c (in sacrificing ratio)<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0 3. <span data-contrast=\"auto\">What is the convention of full disclosure? <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">A. There should be sufficient disclosure of information that is of significant interest to the users of financial statements. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>We have included all the information regarding DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3. If you have any queries feel free to ask in the comment section.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"faq-dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\"><\/span>FAQ: DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1626688986715\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-is-ch-3-accounts-class-12-dk-goel-for-class-12\"><\/span>What is ch 3 accounts class 12 DK Goel for Class 12?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>DK Goel Solutions Class 12 Chapter 3 is &#8216;Admission of a Partner.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1626689003816\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-is-included-in-chapter-3-accounts-class-12-dk-goel\"><\/span>What is included in Chapter 3 accounts class 12 DK Goel?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>This chapter is about the reconstitution of a firm due to the admission of a new partner. It teaches you how the shares and accounts of a company change when someone new joins as a partner.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1626689030062\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"can-i-download-dk-goel-accountancy-solutions-for-class-12-chapter-3-for-free\"><\/span>Can I download DK Goel Accountancy Solutions for Class 12 Chapter 3 for free? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, you can download DK Goel Accountancy Solutions for Class 12 Chapter 3 for free. <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1626689077215\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"dk-goel-accountancy-solutions-for-class-12-chapter-3-pdf-could-be-opened-on-my-smartphone\"><\/span>Dk Goel Accountancy Solutions for Class 12 Chapter 3 PDF could be opened on my smartphone. <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can open DK Goel Accountancy Solutions for Class 12 Chapter 3 PDF on any device. <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1626689124857\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-are-the-important-topics-covered-in-dk-goel-accountancy-class-12-chapter-3-solutions\"><\/span>What are the Important Topics covered in DK Goel Accountancy Class 12 Chapter 3 Solutions? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can refer to the above article to get the information regarding Important Topics covered in DK Goel class 12 chapter 3 solutions.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 3 will be provided in this article. Chapter 3 of DK Goel Accountancy Class 12 is one of the most interesting and scoring chapters for the Accountancy subject CBSE Class 12 Board exams. Know more about CBSE Class 12 Accountancy Download DK Goel Accountancy Class 12 &#8230; <a title=\"Class 12 Vol 1 Chapter 3 &#8211; Admission of a Partner DK Goel Solution 2023-24\" class=\"read-more\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-3\/\" aria-label=\"More on Class 12 Vol 1 Chapter 3 &#8211; Admission of a Partner DK Goel Solution 2023-24\">Read more<\/a><\/p>\n","protected":false},"author":238,"featured_media":135563,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":""},"categories":[73410,2985],"tags":[75028,3429,75023],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/83302"}],"collection":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/users\/238"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/comments?post=83302"}],"version-history":[{"count":5,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/83302\/revisions"}],"predecessor-version":[{"id":466055,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/83302\/revisions\/466055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media\/135563"}],"wp:attachment":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media?parent=83302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/categories?post=83302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/tags?post=83302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}