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A and B are partners profits and losses ...

A and B are partners profits and losses in the ratio of 5 : 3. On admission, C brings Rs.70,000 as cash and Rs.43,000 against Goodwill. New profit ratio between A, B and C is 7 : 5 : 4. The sacrificing ratio of A and B is:

A

`3 : 1`

B

`1 : 3`

C

`4 : 5`

D

`5 : 9`

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DK GOEL-ADMISSION OF A PARTNER -MCQ Treatment of Goodwill :
  1. When a new partner brings goodwill in Cash, it is credited to :

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  18. Sacrificing ratio is used to distribute ………. In case of admisstion of ...

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  19. X and Y are partners in a firm with capital of Rs.1,80,000 and Rs.2,00...

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  20. A and B are partners profits and losses in the ratio of 5 : 3. On admi...

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