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Admission of a Partner MCQs for Competitive Exams

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Admission of a Partner MCQs for Competitive Exams

Practice with answers, explanations, and exam-focused revision notes.

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Topic Notes: Admission of a Partner

These notes summarize the key preparation context before you attempt the MCQs. Review the topic focus, then practice the questions below with answers and explanations.

Quick Overview

Admission of a Partner MCQs in Commerce are useful for candidates who need targeted practice for CSS, PMS, FPSC, PPSC, NTS, entry tests, and other competitive exams in Pakistan. This topic page is designed for quick revision, repeated practice, and exam-focused preparation.

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91
Upon the admission of a new partner, how is an increase in the value of assets recorded?
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92
Partners A and B share profits in a 3:2 ratio. Upon the admission of C, the new profit-sharing ratio becomes 4:3:2. What is the sacrificing ratio of A and B?
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93
Partners W, X, and Y admit Z into the firm with a guaranteed minimum profit share of Rs. 10,000 per annum. The profit-sharing ratio is 4:3:3:2. Given a total annual profit of Rs. 48,000, calculate the profit distribution for each partner.
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94
In the absence of a specific agreement, how is the sacrificing ratio determined upon the admission of a new partner?
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95
Partners A and B share profits in a 2:1 ratio. C is admitted, and the new ratio becomes 2:3:3. If C contributes Rs. 15,000 for goodwill, how much is credited to A's capital account?
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