CA Foundation Reconstitution Admission — practice questions
6 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Foundation Reconstitution Admission in the app →On admission of a partner, the existing profit-sharing ratio between old partners is calledSacrificing ratio is computed asGoodwill brought in by a new partner is credited toA and B share profits 3:2. C is admitted for 1/5 share with C bringing in cash for goodwill. New ratio isRevaluation A/c is prepared on admission toReserves in the books at the time of admission are distributed among