Admission of a ...

Incoming partner may acquire his share from the old partners
(i) In their old profit sharing ratio
(ii) In a particular ratio
(iii) In particular fraction from some of the partners
In which of the above mentioned alternatives

The amount of goodwill brought in by the new partner is shared by the ____ partners in their ____ ratio

X and Y are partners sharing profits in the ratio of 3:2. Z is admitted for 1/5 share. All partners have decided to share future profits equally. The profit of new partnership firm was Rs.30,000. This profit will be shared by all the partners in _______

What adjustments are mainly done at the time of admission of a new partner?
(i) Adjustment in Profit sharing ratio
(ii) Goodwill
(iii) Accumulated profits, Reserves and losses

 When a new partner is admitted he acquires his share of profits from the old partners , this will ____ the old partner’s shares in profits:

Is admission of a new partner  a reconstitution of partnership firm:

 Why new profit ratio is determined even for old partners?

Sacrificing ratio is calculated for  :

__________ means good name, good reputation earned by a firm through the hard work and honesty of its owners

WHEN the value of goodwill is not given at the time of admission of a new partner, it IS  inferred from the capital OF THE NEW FIRM and profit sharing ratio. This concept is called