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12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    Vinod and Gagan are partners sharing profits in the ratio of 7:3. They decided to admit Rishi as a new partner and new profit sharing ratio decided 5:3:2. Rishi brings Rs. 40,000 as his capital and Rs. 5,000 as his share of goodwill. Vinod's Capital Account will be credited with:

    A) 1500

    B) 2500

    C) 1000

    D) 5,000

    Correct Answer: D

    Solution :

    5,000


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