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  5. Admission of a Partner

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

  • question_answer
    If X pays Rs. 1,50,000 as his share of goodwill to Y (Privately), an existing partner, the treatment will be:

    A) goodwill account will be debited by Rs. 1,50,000

    B) goodwill account will be debited by Rs. 6,00,000

    C) goodwill account will be credited by Rs. 1,50,000

    D) no entry will be passed

    Correct Answer: D

    Solution :

    [d] no entry will be passed


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