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X and Y are partners sharing profits in ...

X and Y are partners sharing profits in the ratio of `3 : 2`. Z is admitted for `1//4th` share in profit which he acquires equally from X and Y . The new ratio be

A

`9 : 6 : 5`

B

`19 : 11 : 10`

C

`3 : 3 : 2`

D

None of these

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The correct Answer is:
B
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TS GREWAL-COLLAGE OF OBJECTIVE TYPE/MULTIPLE CHOICE QUESTIONS (MCQS)-Multiple choice question
  1. The ratio in which old partners agree to surrender their shares in pro...

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  2. If the adjustment in the values of assets and liabilities at the time ...

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  3. X and Y are partners sharing profits in the ratio of 3 : 2. Z is admit...

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  4. New partner can be admitted into partnership

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  5. On the admission of a new partner

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  6. When a new partner brings his share of goodwill in cash, the amount is...

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  7. When a new partner does not bring his share of goodwill in cash, the a...

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  8. If, at the time of admission, balance appears in the Profit and Loss A...

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  9. If at the time of admission there is an unrecorded liability, it is

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  10. In the absence of an agreement as to who will contribute to new partne...

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  11. X and Y are equal partners in a firm. Their capital accounts show cred...

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  12. In case of admission of a partner, the entry for unrecorded investment...

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  13. When Revaluation Account is opened and the balance sheet is prepared a...

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  14. Goodwill of a firm of A and B is valued at Rs. 30,000. Goodwill is app...

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  15. Which of the following statement is correct ?

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  16. Revaluation Account is prepared at the time of

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  17. Unrecorded assets are

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  18. Balance fo Revaluation Account, in case of fixed capitals, is transfer...

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  19. On the death of the partner his legal representatives are entitled to ...

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  20. Increase in liability at the time of retirement of a partner is

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