Skip to content
Swamonk EduCare
  • Toggle website search
Menu Close

Blog

  1. Home>
  2. Doubts>
  3. Accountancy

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

A and B were partners in a firm sharing profits and losses in the ratio of 5: 3. They admitted C as a new partner. The new profit-sharing ratio between A, B and C was 3: 2: 3. A surrendered 2 / 5th of his share in favour of C. Calculate B’ s sacrifice.

September 26, 2022

How would you treat Employees Provident Fund shown on the liability side a of balance sheet, at the time of dissolution of partnership firm and why?

September 27, 2022

Revenue from Operations Rs. 4,00,000; Gross Profit Rs. 1,00,000; Closing Inventory Rs. 1,20,000; Excess of Closing Inventory over Opening Inventory Rs. 40,000. Calculate Inventory Turnover Ratio.

August 13, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Address:94, Block A, New Industrial Town - 2, Faridabad, Haryana 121001
  • Contact:+91-8826447899Opens in your application
  • Email:[email protected]Opens in your application
Terms of Use | Privacy Policy | Cookies Policy
© 2019-2025 Swamonk - All Rights Reserved
Close Menu
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site it will imply that you agree with Swamonk EduCare's Terms of Use .Ok