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  3. 12th Class
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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 partners sharing profits in the ratio of 7 : 3. C is admitted and new profit sharing ratio is agreed at 3 : 2 : 5. Revaluation profit is 10,000. Revaluation profit distributed to the partners :

    A) A = 7000; B = 3000

    B) A = 3000; B = 2000; C = 5000

    C) A = 8000; B = 2000

    D) Revaluation profit is not distributed among the partners

    Correct Answer: A

    Solution :

    A = 7000; B = 3000


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