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RP
Question Practice

If a new partner is admitted with a 25% stake in profits, what does this usually imply about the existing partners' shares?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

If a new partner is admitted w...

Single Answer MCQ
Q-00082076

If a new partner is admitted with a 25% stake in profits, what does this usually imply about the existing partners' shares?

1

They lose 25% of their existing share

2

They share the remaining 75% proportionally

3

Their shares remain unaffected

4

They gain additional profit rights

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Q1.

What is reconstitution of a partnership firm?

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Q2.

What are the different modes of reconstitution of a partnership firm?

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Q3.

When can a new partner be admitted into a partnership firm?

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Q4.

What rights does a newly admitted partner acquire in a partnership firm?

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