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. A surrender 1/5th from his share and B surrender 1/4 of his share in favour of Rishi. Rishi Paid Rs. 14,000 as his share of goodwill. Amount of premium goodwill transfer to the capital account of A and B: