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Admission of a ...

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  • Question 1
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    When a new partner is admitted he acquires his share of profits from the old partners , this will ____ the old partner’s shares in profits:

  • Question 2
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    __________ means good name, good reputation earned by a firm through the hard work and honesty of its owners

  • Question 3
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    A and B are partners sharing profits in the ratio of 3:2. They admitted C as a new partner for 1/5 share in the future profits of the firm. Calculate new profit sharing ratio of A, B and C

  • Question 4
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    Which of the following is not an example of Reconstitution of partnership firm?

  • Question 5
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    Out of the following, which is the main right of a partner?

  • Question 6
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    Why new profit ratio is determined even for old partners?

  • Question 7
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    If new partner is unable to bring in his share of goodwill , How will you deal

  • Question 8
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    Sacrifice ratio is used only for

  • Question 9
    1 / -0

    Is admission of a new partner  a reconstitution of partnership firm:

  • Question 10
    1 / -0

    Goodwill Given in the old Balance Sheet will be:

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