2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Admission of a Partner

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 46 to 47: X and Y are partners. They admit Z for 3/10th share in the future profits of the firm. Other information: Partners' Capital Account (Extract only)
    Particulars X Y Z Particulars X Y Z
            By General Reserve  12,000 8,000 -
            By Premium for Goodwill A/c 10,000 5,000 -
    New profit sharing ratio of the partners:

    A) 3:2:1

    B) 1:1:1

    C) 4:3:1

    D) 4:3:3

    Correct Answer: D

    Solution :

    4:3:3


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