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 3:1. They decided to admit Rishi as a new partner and new profit sharing ratio is 2:1:1. Goodwill already appeared in the book is Rs. 40,000. Amount of old goodwill transfer to the capital account of partners: