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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
    Kiya and Leela are partners sharing profits in the ratio of 3 : 2. Kiran was admitted as a new partner with 1/5th share in the profits and brought in Rs. 24,000 as her share of goodwill premium that was credited to the capital accounts of Kiya and Leela respectively with Rs. 18,000 and Rs. 6,000. New profit sharing ratio of Kiya, Leela and Kiran:

    A) 3:2:1

    B) 1:1:1

    C) 9:4:7

    D) 9:7:4

    Correct Answer: B

    Solution :

    1:1:1


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