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  3. 12th Class
  4. Accountancy
  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
    Unless agreed otherwise, it is presumed that:

    A) the new partner acquires his share in profit from all the old partners in their old profit sharing ratio.

    B) the new partner acquires his share in profit from all the old partners equally.

    C) the old partners continue to share the remaining profit equally.

    D) None of the above

    Correct Answer: A

    Solution :

    [a] the new partner acquires his share in profit from all the old partners in their old profit sharing ratio.


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