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RP
Question Practice

What is the new profit sharing ratio determined by 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 is the new profit sharing...

Single Answer MCQ
Q-00082094

What is the new profit sharing ratio determined by when a new partner is admitted?

1

Old partners' sacrificing ratio

2

Equal sharing by all partners

3

Mutually agreed between all partners

4

Government regulations

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Q1.

What is reconstitution of a partnership firm?

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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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