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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
    Goodwill existing in the books is written-off at the time of admission of a partner, it is transferred to partners' capital accounts in their:

    A) old profit sharing ratio

    B) new profit sharing ratio

    C) sacrificing ratio   

    D) gaining ratio

    Correct Answer: A

    Solution :

    [a] old profit sharing ratio


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