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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
    A and B are partners sharing profits in the ratio of 5:2. They decided to admit Rishi as a new partner and new profit sharing ratio is 3:3:1. Rishi Paid Rs. 10,000 as his share of goodwill. B's Capital account is to be credited/debited with:

    A) 10,000 (Dr.)

    B) 10,000 (Cr.)

    C) 2850 (Dr.) 

    D) 2850 (Cr.)

    Correct Answer: A

    Solution :

    10,000 (Dr.)


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