Target Exam

CUET

Subject

Accountancy Part A

Chapter

Admission of a Partner

Question:

A partner is admitted and the following steps are to be followed while calculating his share of goodwill. Arrange them in a sequence:

(A) Calculate new partner’s share of goodwill

(B) Calculate total capital of the newly constituted firm

(C) Calculate actual capital of all the partners

(D) Calculate goodwill of the firm

Options:

(A), (B), (D), (C)

(C), (A), (D), (B)

(B), (C), (D), (A)

(B), (D), (A), (C)

Correct Answer:

(B), (C), (D), (A)

Explanation:

The correct answer is Option (3) → 

(B), (C), (D), (A)