A & B are partners in the ratio of 3:2. They admitted C as a new partner with Rs.35,000 against hiscapital and Rs.15,000 against goodwill. C could bring in Rs.45,000 only. What is the treatment, if thenew profit sharing ratio is 1:1:1?

Question

Examsnet · Accepted Answer

Correct Answer is : Both (a) & (b)

CA CPT 2014 Dec Question Paper Fundamentals of Accounting for online practice