2. Questions Bank
  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
    Generally Sacrificing ratio is used to distribute _____ in case of admission of a new partner.

    A) General Reserve 181

    B) Profit shown by Profit and Loss Appropriation Account

    C) Premium for goodwill

    D) Profit shown by Revaluation Account

    Correct Answer: C

    Solution :

    Premium for goodwill


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