
admission of a partner
Authored by COMMERCE GURUJI
Education
12th Grade
Used 16+ times

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40 questions
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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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