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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
    A and B are sharing profits in the ratio of 3:2. They admit C into partnership for 1/5th share. New profit sharing among the partners decided 5:3:2. B's Capital Account was credited with ` 5,000 for premium for goodwill. Premium for goodwill brought in by C:

    A) 10,000

    B) 20,000

    C) 30,000

    D) 40,000

    Correct Answer: A

    Solution :

    10,000


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