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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 2:1. They decided to admit C and D as a new partner and profit sharing ratio become 3:2:4:1. C and D bring their share of goodwill in the form of furniture amounting to Rs. 90,000. Capital Accounts of A and B credited with:

    A) A = 60,000; B = 30,000

    B) A = 66,000; B = 24,000

    C) A = 24,000; B = 66,000

    D) A = 30,000; B = 60,000

    Correct Answer: B

    Solution :

    A = 66,000; B = 24,000


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