Admission of a partner | Revision | 100% theory and practical | by CA/CMA Santosh Kumar
Channel: Santosh Kumar - COC Education
Date: 2021-02-03

Admission of a partner | Revision | 100% theory and practical | by CA/CMA Santosh Kumar

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According to the Partnership Act 1932, a new partner can be admitted into the firm only with the consent of all the existing partners unless otherwise agreed upon. ... For the right to acquire share in the assets and profits of the partnership firm, the partner brings an agreed amount of capital either in cash or in kind.

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