Home / Class wise MCQs / 12th Class / Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts / Admission of a Partner / Question

Q) A and B are partners sharing profits in the ratio of 7 : 5. C is admitted into the partnership for 16th share which he acquires 124th from A and 18th from B. C does not pay anything for his share of goodwill. On C’s admission firm’s goodwill was valued at ₹1,80,000. Credit will be given to :

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More questions from 12th Class Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts

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Subjects (12th Class)

Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts

Biology

Business Studies

Chemistry

Economics - Indian Economic Development

Economics - Macroeconomics (Introductory Macroeconomics)

English - Flamingo Poems

English - Flamingo Prose

English - Vistas

Geography

Geography - India People and Economy

History

Physics

Political Science - Contemporary World Politics

Political Science - Politics in India Since Independence

Chapters (Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts)

Accounting for Partnership Firms — Fundamentals

Change in Profit Sharing Ratio among the Existing Partners

Admission of a Partner

Retirement or Death of a Partner

Dissolution of a Partnership Firm

Financial Statements of Not-for-Profit Organisations (N.P.O.)

Issue of Shares

Issue of Debentures

Redemption of Debentures

Financial Statements of Companies

Financial Statements Analysis

Comparative Statements

Common Size Statements

Accounting Ratios

Cash Flow Statement