When a newly admitted partner pays a bonus to the existing partners,the new partner's capital account is credited.

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When a new partner is admitted to a partnership and pays a bonus to the existing partners, the new partner's capital account is credited by the amount of the bonus. This is because the bonus is considered to be a payment for the goodwill of the existing partners, and as such, it increases the value of the partnership.

When a Newly Admitted Partner Pays a Bonus to the Existing