Enumeration the matters that need adjustment at the time of admission

1.	Enumeration the matters that need adjustment at the time of admission of a new Partner.
Answer» The matter that needs adjustment of the time of admission of a new partner is: (i) Adjustment in profit sharing ratio and adjustment of capital (ii) Adjustment for goodwill (iii) Adjustment of Profit/Loss arising from the Revolution of Assets and Reassessment of Liabilities. (iv) Adjustment of accumulated profits, reserves and losses.

Enumeration the matters that need adjustment at the time of admission of a new Partner.

Answer»

The matter that needs adjustment of the time of admission of a new partner is:

(i) Adjustment in profit sharing ratio and adjustment of capital

(ii) Adjustment for goodwill

(iii) Adjustment of Profit/Loss arising from the Revolution of Assets and Reassessment of Liabilities.

(iv) Adjustment of accumulated profits, reserves and losses.