2. Questions Bank
  3. 12th Class
  4. Accountancy
  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
    At the time of admission of a new partner in the firm, the new partner compensates the old partners for their loss of share in the super-profits of the firm for which he brings in an additional amount which is known as_______

    A) New Partner's Capital

    B) Premium for Goodwill

    C) Sacrifice Share

    D) Revaluation Gain

    Correct Answer: B

    Solution :

    Premium for Goodwill


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