12th Class
Accountancy
Admission of a Partner
Question Bank
MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner
question_answer
Vinod and Gagan are partners sharing profits in the ratio of 7:3. They decided to admit Rishi as a new partner and new profit sharing ratio decided 5:3:2. Rishi brings Rs. 40,000 as his capital and Rs. 5,000 as his share of goodwill. Vinod's Capital Account will be credited with: