Test Preparation on CA/CS Foundation MCQ Question Partnership Account II
1.
C is admitted in a firm for a % sharein the profits for which he brings Rs.3000 for goodwill. It will be takenaway by the old partners in
2.
State the effect of the followingtransactions on the revaluationaccount:The liabilities are revalued upwardson the admission of a partner
3.
The assets are brought downwardson admission of partners.
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