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  3. 12th Class
  4. Accountancy
  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
    Match the following :  
    (i) New Profit Share = (a) New Profit Share + Sacrifice
    (ii) Old Share = (b) Old Profit Share – New Profit Share
    (iii) Sacrifice = (c) New Profit Share – Old Profit Share
    (iv) Gain = (d) Old Profit Share – Sacrifice

    A) (i) d; (ii) a; (iii) c; (iv) b

    B) (i) d; (ii) b; (iii) c; (iv) a

    C) (i) d; (ii) c; (iii) b; (iv) a

    D) (i) d; (ii) a; (iii) b; (iv) c

    Correct Answer: D

    Solution :

    (i) d; (ii) a; (iii) b; (iv) c


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