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RP
Question Practice

What happens to accumulated profits when a new partner is admitted?

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

What happens to accumulated pr...

Single Answer MCQ
Q-00082071

What happens to accumulated profits when a new partner is admitted?

1

They are equally shared among all partners

2

They are retained by existing partners

3

They can be partially or fully distributed among partners

4

They become the new partner's sole property

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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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