Business Studies, asked by yuvasaiyuvasai615, 11 months ago

When a new partner enters the partnership firm , what is amount called he brings to share in firms asset and profit?

Answers

Answered by sweettajasms

Answer:

his share of capital and his share of goodwill

Explanation:

he brings his share of goodwill to compensate in turn of the shares he gained from the sacrificing partner. Hence, the amount of goodwill brought by the new partner would be distributed between sacrificing partner in sacrificing ratio.

Previous Question

Next Question

Similar questions

English, 5 months ago

Choose the incorrect statement. Helen Keller was deaf and blind by birth. For a year and half of her life Helen was normal. She was stuck down by an illness. Her parents sent her to the Perkins Institute for the Blind In Boston.

Social Sciences, 5 months ago

tell the correct opt with reason ...

Math, 5 months ago

3. Which types of tools did the earliest people use? 4. What do you mean by factory sites and habitations 5. Was division of labour in existence in the earliest s...

Physics, 11 months ago

When a low voltage is supplied to fan what happens and why?

Chemistry, 11 months ago

When al2o3 will dissociate how many e are release or used?

Political Science, 1 year ago

What is the necessity of political parties in a democratic setup explain?

Chemistry, 1 year ago

Whatis the importance of minerals in the development of a country?

Biology, 1 year ago

What is emetophobia?