At the time of admission of a partner, who decides the share of profit of the new partner out of the firm’s profit? Post category:Accountancy Reading time:1 mins read SOLUTION Share of profit of the new partner is decided mutually among the old partners and the 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 PostHow can a new partner be admitted? Next PostGive the two main rights acquired by the new partner. You Might Also Like What is meant by Authorised Capital of a Company? September 28, 2022 Does the change in profit sharing ratio result into dissolution of the partnership firm? Give reason in support of your answer. (C.B.S. E. 2017, Comptt) September 27, 2022 What is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm. (Delhi 2016) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Does the change in profit sharing ratio result into dissolution of the partnership firm? Give reason in support of your answer. (C.B.S. E. 2017, Comptt) September 27, 2022
What is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm. (Delhi 2016) October 7, 2022
