admission of a partner

admission of a partner

12th Grade

40 Qs

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admission of a partner

admission of a partner

Assessment

Quiz

Education

12th Grade

Hard

Created by

COMMERCE GURUJI

Used 14+ times

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A and B are partners sharing profits in the ratio of 4 : 3. They admitted C as a new partner who gets 1/5th share of profit, entirely from A. The new profit sharing ratio will be :

20 : 8 : 7

13 : 15 : 15

13 :15:7

15 : 13 : 5

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A and B are partners sharing profit or loss in the ratio of 3 : 2. C is admitted into partnership as a new partner. A sacrifices 1/3 of his share of B sacrifices 1/4 of his share in favour of C. What will be the C’s share in the firm?

1/5

2/10

3/10

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

B and N are partners in a firm sharing profits in the ratio of 3 : 2. They admit S as a partner for l/4th share in the profits. S acquires his share from B and N in the ratio of 2 : 1. The new profit-sharing ratio will be :

2:1:4

19:26: 15

3:2:4

26 : 19 : 15

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A and Bare in partnership sharing profits in the ratio of 3 : 2. They take C as a new partner. Goodwill of the firm is valued at 33,00,000 and C brings ₹30,000 as his share of goodwill in cash which is entirely credited to the capital account of A. New profit sharing ratio will be

3 : 2 : 1

6 : 3 : 1

5 : 4 : 1

4 : 5 : 1

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A, B, C, and D are partners. A and B share 2/3rd of profits equally and Cand D share remaining profits in the ratio of 3 : 2. Find the profit sharing ratio of A, B. C, and D

5 : 5 : 3 : 2

7:7:6:4

2.5 : 2.5 : 8 : 6

3 : 9 : 8 : 3

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A and B are partners sharing profits and losses in the ration of 5 : 3. On admission, C brings ₹70,000 as cash and ₹43,000 against goodwill. The new profit ratio between A, B, and C is 7 : 5 : 4. The sacrifice ratio of A and B is

3 : 1

1:3

4:5

5:9

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A, B, and C are partner sharing profits in ratio 3: 2: 1. They agree to admit D into the firm. A, B, and C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be

1/10

11/54

12/54

13/54

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