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RP
Question Practice

If collected profits are to be distributed among existing partners upon the admission of a new partner, what is the basis of distribution?

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

If collected profits are to be...

Single Answer MCQ
Q-00082162

If collected profits are to be distributed among existing partners upon the admission of a new partner, what is the basis of distribution?

1

New profit-sharing ratio

2

Proportional to capital contributed

3

Old profit-sharing ratio

4

Equal distribution among partners

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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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