Class XII

The amount of goodwill brought in by the new partner is shared by the ____ partners in their ____ ratio
  1. All old partners in old ratio
  2. Gaining partner, gaining
  3. All partners (including new) in new ratio
  4. Sacrificing partners, sacrificing
Why new profit ratio is determined even for old partners?
  1. Change in the agreement among all partners
  2. No change in agreement
  3. Due to change in external environment
  4. Ratio keeps on changing in every six month
Sacrificing ratio is calculated for :
  1. It is related to all partners
  2. It is related to new partners
  3. The old partners
  4. It is related to all partners (including new)
X and Y are partners sharing profits in the ratio of 3:2. Z is admitted for 1/5 share. All partners have decided to share future profits equally. The profit of new partnership firm was Rs.30,000. This profit will be shared by all the partners in _______
  1. New Ratio
  2. Old Ratio
  3. Gaining Ratio
  4. Sacrificing Ratio
What adjustments are mainly done at the time of admission of a new partner? (i) Adjustment in Profit sharing ratio (ii) Goodwill (iii) Accumulated profits, Reserves and losses
  1. Only (ii)
  2. Only (i) and (ii)
  3. Only (i)
  4. All (i), (ii) and (iii)
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