At the time of admission of a partner, if nothing is specified then new partner acquires his share from old partners.
Held on 20 Jul 2022 · Verified 13 Jul 2026.
In New Profit Sharing Ratio
In Old Profit Sharing Ratio
In Gaining Ratio
In Sacrificing Ratio
Sign in to track your attempts and accuracy.
Sign in to keep a private note on this question. Nothing you write is ever public.
An unrecorded asset is taken over by a creditor in full settlement in such a case
The liability of partners is
As per AS-26 Intangible assets like goodwill should be written off.
Identify the correct statement from the given below :-
By virtue of which section of the Indian Partnership Act 1932, partnership is defined as 'the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'.
Work through every CUET UG Partnership PYQ, year by year.