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State the Rights Acquired by a Newly Admitted Partner - Accountancy

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प्रश्न

State the rights acquired by a newly admitted partner

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उत्तर

The new partner on admission acquires the two rights:

1) Right to share the future profits of the partnership firm.

2) Right to share the assets of the partnership firm.

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2013-2014 (March) All India Set 1
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