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 5:3. They decided to admit C as a new partner and profit sharing ratio become 3:2:3. On the date of admission C's share of goodwill is Rs. 24,000 out of which C only bring 15,000 in cash. Capital Accounts of A and B credited with :