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RP
Question Practice

In a partnership, if partners A and B share profits in a 3:2 ratio and admit partner C for 1/5 share, how should A and B adjust their shares?

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

In a partnership, if partners ...

Single Answer MCQ
Q-00082110

In a partnership, if partners A and B share profits in a 3:2 ratio and admit partner C for 1/5 share, how should A and B adjust their shares?

1

They must increase their shares equally

2

They need to decrease their shares based on C's share

3

They should retain their original shares

4

They can negotiate any new ratio

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Q1.

What is reconstitution of a partnership firm?

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Q2.

What are the different modes of 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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