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Question Practice

To find the total capital of a firm after a partner's admission, which factor must be considered?

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

To find the total capital of a...

Single Answer MCQ
Q-00082120

To find the total capital of a firm after a partner's admission, which factor must be considered?

1

Only the new partner's capital

2

Sum of old and new partners' capital

3

Only the old partners' capital

4

Capital contributions by non-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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