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

  • question_answer
    Vinod and Sunita are sharing profits in the ratio of 5:3. They admit Yuvraj as a new partner for 1/5th share. Yuvraj brings his share of premium in cash out of which 30% of the amount (which was credited to them) was withdrawn by the Vinod and Sunita. Amount withdrawn by Sunita was Rs. 450.  How much amount of premium was withdrawn by Vinod ?

    A) 4,000

    B) 2,500

    C) 1,500

    D) 750

    Correct Answer: D

    Solution :

    750


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