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Question Practice

What is the impact of non-payment for goodwill when a new partner is introduced?

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 is the impact of non-paym...

Single Answer MCQ
Q-00082128

What is the impact of non-payment for goodwill when a new partner is introduced?

1

It increases the goodwill value.

2

Existing partners receive no compensation.

3

New partner receives a larger share of profits.

4

It simplifies the accounting process.

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When can a new partner be admitted into a partnership firm?

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What rights does a newly admitted partner acquire in a partnership firm?

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