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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
    X, Y and Z are partners sharing profits in the ratio of 3:2:1. They admit M as a new partner for 1/6th share. At the time of admission of M, firm's balance sheet shows some Goodwill amount which was written off by the partners. Y's Capital Account was debited with Rs. 21,000. What amount of Goodwill was appeared in the Balance Sheet?

    A) 63,000

    B) 48,000 

    C) 54,000

    D) 60,000

    Correct Answer: A

    Solution :

    63,000


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