A, B are partners sharing profit & losses in the ratio of 5 : 3. ‘C’ admitted as a new partner for 1/5th share and hiscapital is Rs. 1,20,000 & goodwill Rs. 60,000 Capitals of A, B & C were Rs/-

Question

Examsnet · Accepted Answer

Correct Answer is : 3,00,000 : 1,80,000 : 1,20,000

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