CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Introduction to Partnership

After admissi...

Question

After admission what two rights does the partner gets?

Open in App

Solution

The two rights that the partner gets after admission are:
1. Right to share future profits of a company.
2. Right to share in the assets of the firm.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Does a partner has right not to allow admission of a new partner, if the Partnership Deed does not exist?

Q. What do you understand by admission of a partner?

Q. What is the probability that you will get admission in atleast two colleges?

Q. N & Z are partners sharing profits and losses in the ratio

5:3th of the profit. What is the new ratio after S's admission?

Q. List any two matters that need adjustments at the time of admission of a partner.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Partnership

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Introduction to Partnership

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon