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Standard XII
Accountancy
Appropriation of Profits
State any one...
Question
State any one purpose for admitting a new partner in a firm.
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Solution
For procuring new capital.
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Q.
State 'True' or 'False'
A new partner is admitted in the firm for getting additional capital and skill.
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A new partner is admitted in the firm for getting additional capital and skill.
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Tom and Ban are partners in a Firm for 2 : 1 ratio.
They admitted Jay as new partner for 1/5 share. calculate new ratio ?
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How is new partner admitted to the firm?
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A new partner can be admitted in the firm with the consent of ___________________.
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Appropriation of Profits
Standard XII Accountancy
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