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RP
Question Practice

If goodwill is not explicitly valued at the admission of a new partner, how is it determined?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

If goodwill is not explicitly ...

Single Answer MCQ
Q-00082098

If goodwill is not explicitly valued at the admission of a new partner, how is it determined?

1

By the amount contributed by the new partner

2

By assessing total capital and sharing ratios

3

Automatically assumed to be zero

4

By external agency valuation

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What is reconstitution of a partnership firm?

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Q3.

When can a new partner be admitted into a partnership firm?

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Q4.

What rights does a newly admitted partner acquire in a partnership firm?

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