State any two reasons for admitting a new partner?
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hey your answer is ......
1)= A new partner will bring capital as well as goodwill.
2)= a new partner will bring new and good ideas.
1)= A new partner will bring capital as well as goodwill.
2)= a new partner will bring new and good ideas.
Answered by
3
Partnership Act 1932 as mentioned, a new associate can be accepted into the organization only with the permission and approval of all the real associates except contrarily agreed upon. Moreover, in order to obtain a portion in the assets and advantages of the organization firm for the new partners, the existing associates produce an agreed price of assets either in the form of money or in the form of services. This will help to generate more revenue when firms admit new partners.
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