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
    Which of the following is true?

    A) An incoming partner acquires his Share from all the old partners in their profit sharing ratio.

    B) An incoming partner acquires his share from all the old partners in some agreed ratio.

    C) An incoming partner acquires his share from one or more of the old partners in some agreed ratio.

    D) None of the above

    Correct Answer: C

    Solution :

    [c] An incoming partner acquires his share from one or more of the old partners in some agreed ratio.


You need to login to perform this action.
You will be redirected in 3 sec spinner