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A and B are partners sharing profits and...

A and B are partners sharing profits and losses in 3 : 2. They admit C into partnership for `(3)/(10)`th share in the profit. A surrenders `(1)/(3)`rd of his share and B surrenders `(1)/(4)`th of his share in favour of C. Goodwill of the firm is valued at Rs.3,00,000 but C is unable to bring his share of goodwill in cash. Credit will be given to :

A

A Rs.54,000, B Rs.36,000

B

A Rs.60,000, B Rs.30,000

C

A Rs.2,00,000, B Rs.1,00,000

D

A Rs.1,80,000, B Rs.1,20,000

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DK GOEL-ADMISSION OF A PARTNER -MCQ Treatment of Goodwill :
  1. Partners A, B and C share the profits of a business in the ratio of 3 ...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  18. Revaluation Account or Profit and Loss Adjustment A/c is a

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

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  20. When the balance sheet is prepared after the new partnership agreement...

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