12th Class
Accountancy
Admission of a Partner
Question Bank
MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner
question_answer
X and Y are partners with capitals of Rs. 39,000 and Rs. 27,000. They admit Z as partner with 1/5th share in profit of the firm. Z brings Rs. 24,000 as capital. Z's Share for premium for goodwill: