State any one purpose for admitting a new partner in a firm. Post category:Accountancy Reading time:1 mins read SOLUTION When a firm requires more capital to expand its business, it may admit a new partner. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive the two main rights acquired by the new partner. Next PostState the ratio in which the old partners share the amount of cash brought in by the new partner as premium for goodwill. You Might Also Like Ritesh and Hitesh are childhood friends. Ritesh is a consultant whereas Hitesh is an architect. They contributed equal amounts and purchased a building for Rs. 2 crores. After a year, they sold it for Rs. 3 crores and shared the profits equally. Are they doing the business in partnership? Give reason in support of your answer. September 26, 2022 When does a Cash Flow arise? (C.B.S.E. 2013, 2015) October 4, 2022 Stale any two situations when a firm is compulsorily dissolved. (C.B.S.E 2019, M. P.) September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Ritesh and Hitesh are childhood friends. Ritesh is a consultant whereas Hitesh is an architect. They contributed equal amounts and purchased a building for Rs. 2 crores. After a year, they sold it for Rs. 3 crores and shared the profits equally. Are they doing the business in partnership? Give reason in support of your answer. September 26, 2022
Stale any two situations when a firm is compulsorily dissolved. (C.B.S.E 2019, M. P.) September 27, 2022