Give the two main rights acquired by the new partner. Post category:Accountancy Reading time:1 mins read SOLUTION (i)Right to share future profits of the firm, and (ii) Right to share the assets of the firm. 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 PostAt the time of admission of a partner, who decides the share of profit of the new partner out of the firm’s profit? Next PostState any one purpose for admitting a new partner in a firm. You Might Also Like Cash Flow from Operating Activities + Cash Flow from Investing Activities + Cash Flow from Financing Activities =…………………… October 4, 2022 Under which type of activity will you classify ‘Issue of Equity Shares at Premium’ while preparing cash-flow statement? October 6, 2022 State which of the following would result in inflow / outflow or no flow of Cash and Cash Equivalents: (a) Sale of Fixed Assets, Book Value Rs. 1,00,000 at a profit of Rs. 10,000. (b) Sale of goods against cash. (c) Purchase of machinery for cash. (d) Purchase of Land and Building for Rs. 10,00,000. Consideration paid by issue of debentures. (e) Issued fully paid Bonus Shares. (f) Cash withdrawn from bank. (g) Payment of Interim Dividend. (h) Proposed Dividend. August 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Cash Flow from Operating Activities + Cash Flow from Investing Activities + Cash Flow from Financing Activities =…………………… October 4, 2022
Under which type of activity will you classify ‘Issue of Equity Shares at Premium’ while preparing cash-flow statement? October 6, 2022
State which of the following would result in inflow / outflow or no flow of Cash and Cash Equivalents: (a) Sale of Fixed Assets, Book Value Rs. 1,00,000 at a profit of Rs. 10,000. (b) Sale of goods against cash. (c) Purchase of machinery for cash. (d) Purchase of Land and Building for Rs. 10,00,000. Consideration paid by issue of debentures. (e) Issued fully paid Bonus Shares. (f) Cash withdrawn from bank. (g) Payment of Interim Dividend. (h) Proposed Dividend. August 18, 2022