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Question Practice

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

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

When can a new partner be admi...

Single Answer MCQ
Q-00002971

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

1

Only when an existing partner retires

2

Only when an existing partner dies

3

At any time with the consent of all existing partners

4

Never

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

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.

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

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Q4.

Why might a new partner be required to contribute a premium or goodwill?

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