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In the absence of an express agreement a...

In the absence of an express agreement as to who will contribute to new partners' share of profit, it is implied that the old partners will contribute :

A

Equally

B

In the ratio of their capitals

C

In their old profit sharing ratio

D

In the gaining ratio

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DK GOEL-ADMISSION OF A PARTNER -MCQ Treatment of Goodwill :
  1. If the new partner brings his share of goodwill in cash, it will be sh...

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

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

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

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

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

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

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

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

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

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  11. A and B are partners of a partnership firm sharing profits in the rati...

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  12. X and Y are partners sharing profits in the ratio 5 : 3. They admitted...

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  13. Ramesh and Suresh are partners sharing profits in the ratio of 2 : 1 r...

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  14. A and B are partners in a firm having a capital of ₹ 54,000 and ₹ 36,0...

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  15. A and B are in partnership sharing profits in the ratio of 3 : 2. They...

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  16. X and Y are partners sharing profits in the ratio of 4 : 3. Z is admit...

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  17. A and B are partners sharing profits in the ratio of 2 : 3. Their Bala...

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  18. A, B and C are partners sharing profits in ratio of 3 : 2 : 1. They ag...

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  19. X and Y are partners sharing profits in the ratio 2 : 3. They admitted...

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  20. A, B, C and D are partners. A and B share 2/3rd of profits equally and...

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