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 5:2. They decided to admit Rishi as a new partner and new profit sharing ratio is 3:3:1. Rishi Paid Rs. 10,000 as his share of goodwill. B's Capital account is to be credited/debited with: