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easyMCQCUET Accountancy 2022 8 Aug Shift 22026Accountancy
1 mark

The goodwill brought in by the new partner is distributed by old partner their:

  1. A
    new profit sharing ratio
  2. B
    sacrificing ratio
  3. C
    capital ratio
  4. D
    equally

Solution & Step-by-step Explanation

Premium for goodwill brought in by the incoming partner is distributed among the old partners in their sacrificing ratio to compensate for the sacrifice made by them.

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The goodwill brought in by the new partner is distributed by old partner their:
A
new profit sharing ratio
B
sacrificing ratio
C
capital ratio
D
equally

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