Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:
A & B are partners. They admit C as a new partner for 1/3rd share. C contributed some assets to his capital and goodwill. Which of the following assets can be treated as capital?
Options:
Stock
Debtors
Land
All of these
Correct Answer:
All of these
Explanation:
All assets will be debited as we debit cash in other case.