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Admission of New Partner Practice Test Questions
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Avg score: 78% • Most missed: “Ankita and Bhushan partners share profits and losses in a ratio of 7:”
Admission of New Partner Practice Test Questions
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1. When a new partner brings his share of goodwill in cash, it will be shared with older partners at:
2. Ashish and Rijul are partners in a business sharing profits and losses in the ratio of 7:3 respectively. They admit Premraj as a new partner. Ashish sacrificed 1/7th share of his profit and Rijul sacrificed 1/3rd of his share in favour of Premraj. The new profit sharing ratio of Ashish, Rijul and Premraj will be:
3. If at the time of admission, there is some unrecorded liability it will be:
4. Ankita and Bhushan partners share profits and losses in a ratio of 7: 5. They agree to accept Chandan, their manager, in a partnership that receives 1/6 of the profits. He acquires this share as 1/24th from Ankita and 1/8th from Bhushan, the new profit sharing ratio will be:
5. When goodwill existing in the books is written off at the time of admission of a partner, it is transferred partners capital account in their:
6. Megha and Tapan are partners in a firm sharing profits and losses in the ratio of 2:3. Mehak is admitted for 1/5th share in the profits of the firm. If Mehak gets it wholly from Megha, the new profit-sharing ratio after Mehak's admission will be:
7. Megha and Tapan are partners in a firm sharing profits and losses in the ratio of 2:3. Mehak is admitted for 1/5th share in the profits of the firm. If Mehak gets it wholly from Megha, the new profit-sharing ratio after Mehak's admission will be:
8. When goodwill existing in the books is written off at the time of admission of a partner, it is transferred partners capital account in their:
9. Goodwill of a firm of Bharat and Nikhil is valued at ₹30,000. It is appearing in the books at ₹12,000. Raghav is admitted for 1/4th share. What amount he is supposed to bring for goodwill?
10. If at the time of admission, there is some unrecorded liability it will be:

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