Advertisements
Advertisements
Question
State 'True' or 'False'
A new partner is admitted in the firm for getting additional capital and skill.
Options
True
False
MCQ
Advertisements
Solution
True
Explanation: There can be many reasons for admitting a new partner in a firm. For example, if the firm is short of capital, then a new partner can be admitted with the approval of all the partners. The new partner brings his or her share of capital, besides the skills possessed by him.
shaalaa.com
Is there an error in this question or solution?
