12th Class
Accountancy
Admission of a Partner
Question Bank
MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner
question_answer
A and B are partners sharing profits in the ratio of 7:3. They decided to admit Rishi as a new partner and new profit sharing ratio is 4:3:3. Rishi Paid Rs. 12,000 as his share of goodwill. Amount of goodwill transfer to the capital account of B: