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Commerce · Q1193

Accounting

Graduate and Post Graduate · Commerce · question 1193

Q1193

In the absence of specific direction cash paid by a new partner to purchase his share of goodwill, will be apportioned by the old partners in

A.
their old profit sharing ratio
B.
their sacrificing ratio
Answer
C.
their capital ratio
D.
none of the above

Answer: Option B

Solution

Answer: Option B
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