A new partner may be admitted to a partnership:

Related MCQs

• If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:
• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
• Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:
• At the time of admission of a new partner the firm is:
• At the time of admission of a new partner, general reserve is:
• At the time of a new partner Goodwill:
• When good will is brought in cash by new partner, method is known as:
• The partnership may come to an end due to the:
• In the absence of an agreement, Interest on loan advanced by the partner to the firm is allowed at the rate of:
• Any partner who investments in the business but does not take active part in the business is: