Download App

P1 C5 ADMISSION OF A PARNER — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C5 ADMISSION OF A PARNER1 Mark
MCQ
Old partner is also required to give his share in goodwill to other old partner, when$ ...........$
  • A
    his capital is less
  • ✓
    his new share in new profit-loss ratio is more than his old share
  • C
    his new share in new profit-loss ratio is less than his old share
  • D
    his new share in new profit-loss ratio is equal to old share
✓

Answer

Correct option: B.
his new share in new profit-loss ratio is more than his old share

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from P1 C5 ADMISSION OF A PARNER→P1 C5 ADMISSION OF A PARNER — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

$.......$ is depends on consistency of profit earning of business.
→
Collection of debtors and bills receivable is$ ........$
→
Receivable income or prepared expense is shown on $.......$ account at the time of revaluation of assets and liabilities.
→
Which of the following is not shown under the heading 'Share Capital' in a balancesheet?
→
Total working capital means$.......$
→
$..........$ information is disclosed by efficiency analysis.
→
When only old profit-loss sharing ratio is given; sacrificing ratio of partners $= ...........$
→
At the time of the reconstruction of a partnership firm, assets are shown at __________ value in the balance-sheet after the revaluation.
→
Which of the following ratios is revenue based profitability ratio?
→
Profit -loss adjustment account is $........$ type of account.
→