At the time of admission of a partner, who decides what will be the share of profit of the new partner out of the firm's profit? (Delhi 2013 C. CBSF. 2019 c)

At the time of admission of a partner, who decides what will be the share of profit of the new partner out of the firm’s profit? (Delhi 2013 C. CBSF. 2019 c)

SOLUTION

All the existing partners decide the share of new partner’s profit with mutual consent.