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A and B are partners in a firm sharing p...

A and B are partners in a firm sharing profits in the ratio of 2 : 1. C is admitted as a partner. A and B surrender `(1)/(2)` of their respective share in favour of C. C is to bring his share of premium for goodwill in cash. The goodwill of the firm is estimated at Rs.60,000. Credit will be given to :

A

A Rs.15,000, B Rs.15,000

B

A Rs.40,000, B Rs.20,000

C

A Rs.30,000, B Rs.30,000

D

A Rs.20,000, B Rs.10,000

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DK GOEL-ADMISSION OF A PARTNER -MCQ Treatment of Goodwill :
  1. X and Y are partners sharing profits and losses in the ratio of 3 : 2....

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  2. A and B are partners sharing profits and losses in the ratio of 3 : 2....

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  3. A and B are partners in a firm sharing profits in the ratio of 2 : 1. ...

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  4. Partners A, B and C share the profits of a business in the ratio of 3 ...

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  5. A and B are partners sharing profits and losses as 2 : 1. C and D are ...

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  6. A and B are partners sharing profits and losses in 3 : 2. They admit C...

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  7. A and B are partners sharing profits in the ratio of 7 : 5. C is admit...

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  8. X and Y are partners in a firm sharing profits in the ratio of 5 : 3. ...

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  9. A and B are partners sharing profits in the ratio of 3 : 2. They admit...

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  10. P, Q and R share profits in the ratio of 5 : 3 : 2. S is entitled for ...

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

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  12. When a new partner does not not bring his share of goodwill in cash, t...

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  13. If, at the time of admission, some profit and loss account balance app...

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  14. If at the time of admission, there is some unrecorded liability, it wi...

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  15. If the new partner brings his share of goodwill in cash, it will be sh...

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  16. A and B share profits and losses equally. They have Rs.20,000 each as ...

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  17. In the absence of an express agreement as to who will contribute to ne...

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  18. When a new partner brings goodwill in Cash, it is credited to :

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  19. If the incoming partner brings the amount of goodwill in Cash and also...

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  20. If, at the time of admission, the revaluation A/c shows a profit, it s...

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