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 sharing profits in the ratio of 3:2. They admit C into partnership for 1/5th share. New profit sharing among the partners decided 5:3:2. B's Capital Account was credited with ` 5,000 for premium for goodwill. Premium for goodwill brought in by C: