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RP
Question Practice

In the admission of a new partner, if the old partners' total share is 5/6 and a new partner gets 1/6, how must the existing shares adjust?

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

In the admission of a new part...

Single Answer MCQ
Q-00082119

In the admission of a new partner, if the old partners' total share is 5/6 and a new partner gets 1/6, how must the existing shares adjust?

1

Old partners decrease their share proportional to the new partner

2

No adjustments needed

3

Old partners accumulate more shares

4

Ratios remain the same

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Q1.

What is 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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