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RP
Question Practice

If a newly admitted partner does not bring in their share of goodwill, what would typically occur?

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 newly admitted partner do...

Single Answer MCQ
Q-00082106

If a newly admitted partner does not bring in their share of goodwill, what would typically occur?

1

Old partners bear the goodwill loss

2

New partner's capital is adjusted

3

Goodwill is ignored

4

New partner cannot be admitted

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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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