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 2:1. They decided to admit C and D as a new partner and profit sharing ratio become 3:2:4:1. C and D bring their share of goodwill in the form of furniture amounting to Rs. 90,000. Capital Accounts of A and B credited with: