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A and B were partners sharing …

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A and B were partners sharing profits and losses in the ratio of 4:3. On 1st April, 2021 they admitted C as a new partner and new ratio was decided as 3:3:1. Goodwill of the firm was valued as ` 7,00,000. C brought his required share of goodwill premium in cash. Cs share of goodwill credited to A and B Capital Accounts by: (a) (b) (c) (d) 1,00,000 and Nil respectively ` 50,000 and ` 50,000 respectively ` 4,00,000 and ` 3,00,000 respectively ` Nil and ` 1,00,000 respectively

Posted by 12E_Kuzhalini J J 2 years, 11 months ago

CBSE > Class 12 > Accountancy

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Samhitaa Krishna 2 years, 11 months ago

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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