Explain
Adding A
partner
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A new partner can be admitted only with the concent of all the existing partners. A new partner is not liable for any profit or loss occured before his admission. Such a partner is called a new partner or incoming partner.
purpose of Admission of a partner:
1. For additional capital
2. for progress of the firm
3. For acquiring additional managerial skill
4. For reducing compitition
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Answer:
Hi mate hope this will help you...
Explanation:
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