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Class 12 Accountancy Reconstitution - Admission of a Partner Goodwill AccountingExpert

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A and B share in old ratio (6:5). The new ratio among A B and C is (4:5:2). Which old partner will receive goodwill compensation?

Answer and explanation

Correct answer: Only A

A's share falls from (6/11) to (4/11) and B's share remains (5/11). Therefore only A has sacrificed.

Related tags

Single Sacrifice New Ratio Reasoning Goodwill Accounting Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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