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  3. 12th Class
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  5. Admission of a Partner

12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    According to Section 31(1) of the Indian Partnership Act, 1932, "A person can be admitted as a new partner only with the.......... unless otherwise agreed upon."

    A) consent of one partner

    B) consent of the existing partners

    C) Both a and b

    D) consent of the firm

    Correct Answer: B

    Solution :

    [b] consent of the existing partners


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