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RP
Question Practice

When determining a new profit-sharing ratio, what is essential for a new partner?

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 determining a new profit-...

Single Answer MCQ
Q-00082070

When determining a new profit-sharing ratio, what is essential for a new partner?

1

Assuming all existing profits

2

Bringing additional capital

3

Equal share of profits from the start

4

No financial input required

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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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