A new partner may be admitted to a partnership:
A) with the consent of all partners
B) with the consent of two third of old partners
C) with the consent of any one of the partners
D) without consent of old partners
Correct Answer:
Verified
Q7: Goodwill is valued as two years purchase
Q8: Value of goodwill agreed upon Rs. 30000
Q9: Goodwill of the firm is valued Rs.
Q10: An incoming partner pays his share of
Q11: At the time of admission of a
Q13: At the time of a new partner
Q14: In the revaluation account a decrease in
Q15: In the revaluation account an increase in
Q16: The partnership may come to an end
Q17: In case of retirement of a partner
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