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 5:4. They decided to admit Rishi as a new partner fan 1/3rd share which he takes 2/9 from A and 1/9 from B. Rishi Paid Rs. 27,000 as his share of goodwill. Amount of goodwill transfer to the Capital Account of A and B;