How can a new partner be admitted? Post category:Accountancy Reading time:1 mins read SOLUTION According to Section 31 of Indian Partnership Act, 1932, a person can be admitted as a new partner only with the consent of all the existing partners. 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 accounting entry for an unrecorded liability in case of reconstitution of partnership firm. Next PostAt the time of admission of a partner, who decides the share of profit of the new partner out of the firm’s profit? You Might Also Like Gupta and Sharma were partners in a firm. They wanted to admit two more members in the firm. list the categories of individual other than minors who cannot be admitted by them. September 23, 2022 What is meant by reconstitution of partnership firm? September 26, 2022 List any two circumstances under which the fixed capital of partners may change. September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Gupta and Sharma were partners in a firm. They wanted to admit two more members in the firm. list the categories of individual other than minors who cannot be admitted by them. September 23, 2022