Karnataka PUC II admission_of_a_partner — practice questions
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Practice Karnataka PUC II admission_of_a_partner in the app →Reconstitution of a partnership firm occurs in all of the following cases EXCEPTAs per the Indian Partnership Act 1932, admitting a new partner requiresOn admission of a new partner, two main rights the new partner acquires areSacrificing ratio isGoodwill brought in by a new partner at admission is typically credited toAnil and Vishal share profits 3:2. Sumit is admitted for 1/5 share (acquired from Anil and Vishal in their oldAkshay and Bharati share 3:2. Dinesh is admitted for 1/5 share, taken equally from Akshay and Bharati. New ratRam and Shyam share 3:2 and admit Ghanshyam. Ram sacrifices 1/4 of his share and Shyam 1/3 of his. The new ratIn Revaluation Account, an INCREASE in the value of an asset is recorded on theIf after revaluation a profit of ₹30,000 is shown, it is distributed amongAnshu and Nitu share 3:2 and admit Jyoti for 3/10 share, which she acquires 2/10 from Anshu and 1/10 from NituWhen a new partner brings goodwill in CASH, the journal entry typically isSacrificing ratio is computed asDas and Sinha share 4:1; Pal is admitted for 1/4 share, acquired entirely from Das. The new ratio Das:Sinha:Pa