Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:
Share of goodwill brought by new partner in case is shared by old partners in which ratio?
Options:
Sacrificing Ratio
New ratio
Old ratio
Equal Ratio
Correct Answer:
Sacrificing Ratio
Explanation:
Share of goodwill brought by new partner in case is shared by old partners in sacrificing ratio.