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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
    A and B are partners sharing profits in the ratio of 5:4. A surrender 1/5th from his share and B surrender 1/4 of his share in favour of Rishi. Rishi Paid Rs. 14,000 as his share of goodwill. Amount of premium goodwill transfer to the capital account of A and B:

    A) A = 9,000; B = 5,000

    B) A = 5,000; B = 9,000

    C) A = 7,000; B = 7,000

    D) Nil

    Correct Answer: A

    Solution :

    A = 9,000; B = 5,000


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