Described the procedure and need of passing journal entries at the time of admission of a partner. Student can also watch the following lectures related with the same topic : 1. Treatment of Goodwill - Practical Question (Admission of Partner) : https://www.youtube.com/watch?v=Iz9BFQmeT-o 2. Revaluation Account ~ Concept, Need & Procedure (Partnership Accounts) : https://www.youtube.com/watch?v=3Ok5EkPk6Z0 3. New Profit Sharing Ratio (Type-1) Admission of Partner : https://www.youtube.com/watch?v=ulp4-uS0ohk 4. Capital Adjustments though Cash / Bank (Type-2) Admission of a new partner : https://www.youtube.com/watch?v=-uY-kyq5vz0 5. Capital Adjustment though Current A/c (Type-1) Admission of a New Partner : https://www.youtube.com/watch?v=Vzqk9YQm3Bc Students can download relevant study material from the below mentioned link for better understanding of the concepts...