State any one right acquired by a newly admitted partner. (CBSE 2020 C) Post category:Accountancy Reading time:1 mins read SOLUTION When a partner is admitted in the firm, he gets following two rights:(i) Right to share future profits of the firm, and(ii) Right to share in the assets of the firm. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 PostState with reason whether at the time of Admission of a Partner, partnership is dissolved or partnership firm is dissolved. (A1 2013) Next PostA new partner acquires two main rights in the partnership firm which he joins. State one of the rights. You Might Also Like Net Profit before Interest and Tax Rs. 4,00,000; 15% Long-term Debt Rs. 8,00,000; Shareholders’ Funds Rs. 4,00,000. Calculate Return on Investment. August 17, 2022 Balance Sheet of P, Q and R as at 31st March, 2019, who were sharing profits in the ratio of 5 : 3 : 1, was: July 26, 2022 Amar, Bhanu, and Charu are partners in a firm. Amar and Bhanu are to get annual salary of Rs. 1,20,000 p.a. each as they are fully involved in the business. Net profit for the year is Rs. 4,80,000. Determine the share of profit to be credited to each partner. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Net Profit before Interest and Tax Rs. 4,00,000; 15% Long-term Debt Rs. 8,00,000; Shareholders’ Funds Rs. 4,00,000. Calculate Return on Investment. August 17, 2022
Balance Sheet of P, Q and R as at 31st March, 2019, who were sharing profits in the ratio of 5 : 3 : 1, was: July 26, 2022
Amar, Bhanu, and Charu are partners in a firm. Amar and Bhanu are to get annual salary of Rs. 1,20,000 p.a. each as they are fully involved in the business. Net profit for the year is Rs. 4,80,000. Determine the share of profit to be credited to each partner. July 21, 2022