Question
Accountancy Question on Partnership
Arrange the following statements in proper sequence in context of admission of partner.
A. Finalising terms for admission of new partner
B. Calculation of sacrificing/ gaining ratio
C. Finalising balance in partner's capital A/c
D. Calculation of new profit sharing ratio
E. Valuation and adjustment of goodwill
Choose the correct answer from the options given below:
A
A, E, C, D, B
B
A, D, B, E, C
C
A, C, E, B, D
D
A, C, B, D, E
Answer
A, D, B, E, C
Explanation
Solution
The correct option is (B): A, D, B, E, C