When a new partner is admitted into a firm, which of these is not required ______________.

Public notice of admission of a new partner

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Distribution of existing reserve and funds

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Revaluation of assets and liabilities

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Revaluation of goodwill of the firm

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Solution

The correct option is A Public notice of admission of a new partner
A public notice is not required in case of admission of new partner/s. However, in the following cases public notice is required:
1. Minor to be / not be a partner in the partnership firm
2. Dissolution of firm
3. Retirement of a partner from the firm.

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