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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 4:3. They decided to admit Rishi as a new partner and new profit sharing ratio is 2:2:3. Goodwill already appeared in the book is Rs. 70,000. Amount of old goodwill transfer to the capital account of A and B

    A) A = 30,000; B = 40,000

    B) A = 20,000; B = 20,000; C = 30,000

    C) A = 46,667; B = 23,333 

    D) A = 40,000; B = 30,000

    Correct Answer: D

    Solution :

    A = 40,000; B = 30,000


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