Accountancy, asked by cjaycoop, 1 month ago

The effect of the admission of a new partner is

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Answered by itzsecretagent

Answer:

ᴀᴛ ᴛʜᴇ ᴛɪᴍᴇ ᴏғ ᴀᴅᴍɪssɪᴏɴ ᴛʜᴇ ɴᴇᴡ ᴘᴀʀᴛɴᴇʀ ʙʀɪɴɢs ʜɪs sʜᴀʀᴇ ᴏғ ɢᴏᴏᴅᴡɪʟʟ ᴀɴᴅ ᴄᴀᴘɪᴛᴀʟ. ᴏʟᴅ ᴘᴀʀᴛɴᴇʀs sᴀᴄʀɪғɪᴄᴇ ᴀ sʜᴀʀᴇ ᴏғ ᴛʜᴇɪʀ ᴘʀᴏғɪᴛs ɪɴ ʜɪs ғᴀᴠᴏᴜʀ ᴀɴᴅ ᴛʜᴜs ʜᴇ ɢᴇᴛs ᴀ sʜᴀʀᴇ ɪɴ ᴛʜᴇ ғᴜᴛᴜʀᴇ ᴘʀᴏғɪᴛs ᴏғ ᴛʜᴇ ғɪʀᴍ . ғᴏʟʟᴏᴡɪɴɢ ᴀᴅᴊᴜsᴛᴍᴇɴᴛs ᴀʀᴇ ɴᴇᴇᴅᴇᴅ ᴀᴛ ᴛʜᴇ ᴛɪᴍᴇ ᴏғ ᴛʜᴇ ᴀᴅᴍɪssɪᴏɴ ᴏғ ᴀ ɴᴇᴡ ᴘᴀʀᴛɴᴇʀ.

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