12th Class Accountancy Admission of a Partner Question Bank Case Baesd - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    You are required to answer the following questions 44 to 45: X, Y and Z are partners. They admit M as a new partner. M brings only 50% of his share of premium for goodwill in cash for his 1/10th Share in profits. Other information: Profit and Loss A/c Dr. Balance Rs.18,000 was debited to the capital account of X Rs.9,000; Y Rs.6,000 and Z Rs.3,000. Premium for goodwill credited to the partners, out of which 50% was withdrawn by them as follows: X withdrew Rs.7,500; Y Rs.5,000 and Z Rs.2,500. New profit sharing ratio of the partners:

    A) 9:6:3:1

    B) 9:6:3:2

    C) 9:6:3:4

    D) 9:6:3:5

    Correct Answer: B

    Solution :

    9:6:3:2


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