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Commerce · Q1556

Accounting

Graduate and Post Graduate · Commerce · question 1556

Q1556

In the case of admission of a new partner, the amount of goodwill brought in by him in the firm is shared by the old partners :

A.
In their old profit-sharing ratio
B.
In the ratio of their capital
C.
In their sacrificing ratio
Answer
D.
In their new profit-sharing ratio

Answer: Option C

Solution

Answer: Option C
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