Question

what do you mean by admission of partner​

Answer 1

Answer:

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.

Answer 2

Answer:

Inclusion of a new person as a partner to existing firms called admission of partner.