Accountancy, asked by kundan1389, 11 months ago

Admission of partnership explain me plsssplssstommorrow exam

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Answered by ccbhedke

ADMISSION OF A PARTNER- MEANING Inclusion of a new person as a partner to an existing firm is called admission of a partner. ... For the right to share profit of the partnership firm, the new partner is required to bring some amount which is known as premium or his share of goodwill.

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