Which of the following statements is not true in relation to admission of a partner Options: A . &nbspGenerally mutual rights of the partners change B . &nbspThe profits and losses of the previous years are distributed to the old partners C . &nbspThe firm is reconstituted under a new agreement D . &nbspThe existing agreement does not come to an end

Which of the following statements is not true in relation to admission of a par

Question

Which of the following statements is not true in relation to admission of a partner

Options:

A . Generally mutual rights of the partners change

B . The profits and losses of the previous years are distributed to the old partners

C . The firm is reconstituted under a new agreement

D . The existing agreement does not come to an end

Answer: Option D

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Question 1. Partnership firms in India are governed under the Partnership Act....

Question 2. At the time of admission of partner, if the book value and the market value of investment is same, the balance in Inves....in Investment Fluctuation Reserve is transferred to which account ?

Question 3. When goodwill existing in the books is written off at the time of admission of a partner....

Question 4. Change in the relationship of existing partners which results coming to an end in agreement and a new agreement coming ....in agreement and a new agreement coming into effect is:

Question 5. Goodwill of the firm of A and B is valued at Rs....

Question 6. In which ration is utilised for distribution of goodwill by existing partner in the case of admission of new partner?....

Question 7. A and B are partners in the ratio of 2:1....

Question 8. A and B are partners in the ratio of 3:2....

Question 9. Need of Valuation of goodwill arises at the time of....

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