CBSE Class 12 Accountancy Term 1 MCQs
Q1: In absence of partnership deed, which partner gets more share of profit?
(a) sleeping
(b) active
(c) actual
(d) No one
Q2: Vikas and Yogesh were in partnership sharing profits and losses in the ratio of 2 : 1. They admitted Kunal as a new partner. Kunal brought ₹ 1,00,000 as his share of goodwill premium, which was entirely credited to Vikas’s capital account. On the date of admission, goodwill of the firm was valued at ₹ 5,00,000. The new profit sharing ratio of Vikas, Yogesh and Kunal will be:
(a) 7:5:3
(b) 7:3:5
(c) 5:7:3
(d) 3:5:7