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 3:2. They decided to admit C as a new partner with 1/4th share in future profit. The new profit sharing ratio is 5:4:3. C could not bring his share of goodwill in cash. On the date of admission, firm's goodwill was calculated Rs. 72,000., Capital Accounts of A and B will be credited with: