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 5:3. They decided to admit C as a new partner and profit sharing ratio become 3:2:3. On the date of admission C's share of goodwill is Rs. 24,000 out of which C only bring 15,000 in cash. Capital Accounts of A and B credited with :

    A) A = 16,000; B = 8,000

    B) A = 8,000; B = 16,000

    C) A = 6,000; B = 3,000 

    D) A = 3,000; B = 6,000

    Correct Answer: A

    Solution :

    A = 16,000; B = 8,000


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