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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
    If the incoming partner brings the amount of goodwill in cash and also a balance exists in goodwill account, then this goodwill account is written-off among the old partners in:

    A) the new profit shark g ratio

    B) the old profit sharing ratio

    C) the sacrificing ratio

    D) the gaining ratio

    Correct Answer: B

    Solution :

    [b] the old profit sharing 3 ratio


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