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 Following is the Balance Sheet of Arvind and Balbir as at 31st March, 2019: July 26, 2022 What is Coupon rate? September 29, 2022 From the following information, calculate Inventory Turnover Ratio; Operating Ratio and Working Capital Turnover Ratio: Opening Inventory Rs. 28,000; Closing Inventory Rs. 22,000; Purchases Rs. 46,000; Revenue from Operations, i.e., Net Sales Rs. 80,000; Return Rs. 10,000; Carriage Inwards Rs. 4,000; Office Expenses Rs. 4,000; Selling and Distribution Expenses Rs. 2,000; Working Capital Rs. 40,000. August 17, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
From the following information, calculate Inventory Turnover Ratio; Operating Ratio and Working Capital Turnover Ratio: Opening Inventory Rs. 28,000; Closing Inventory Rs. 22,000; Purchases Rs. 46,000; Revenue from Operations, i.e., Net Sales Rs. 80,000; Return Rs. 10,000; Carriage Inwards Rs. 4,000; Office Expenses Rs. 4,000; Selling and Distribution Expenses Rs. 2,000; Working Capital Rs. 40,000. August 17, 2022