Question:
A newly admitted partner has the right to -
A newly admitted partner has the right to -
Updated On: Jul 21, 2024
- Share the profit of firm after his admission
- Share the assets of the firm before his admission
- Share the general reserve already appearing in the Balance Sheet before his admission
- Demand extra-profit than his agreed share if business makes huge profits
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The Correct Option is A
Solution and Explanation
The correct option is (A): Share the profit of firm after his admission
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Top Questions on Shares
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