12th Class
Accountancy
Admission of a Partner
Question Bank
MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner
question_answer
Vinod and Sunita are sharing profits in the ratio of 5:3. They admit Yuvraj as a new partner for 1/5th share. Yuvraj brings his share of premium in cash out of which 30% of the amount (which was credited to them) was withdrawn by the Vinod and Sunita. Amount withdrawn by Sunita was Rs. 450. How much amount of premium was withdrawn by Vinod ?