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  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
    Unless agreed otherwise, it is presumed that:

    A) sacrificing ratio is the same as old profit sharing ratio.

    B) new profit sharing ratio of old partners is the same as old profit sharing ratio.

    C) new profit sharing ratio of old partners is equal.

    D) Both [a] and [b]

    Correct Answer: D

    Solution :

    [d] Both [a] and [b]


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