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Question
If a new partner is admitted during the year the profits for the year should be divided between __________ period on an agreed basis.
Options
pre-admission and post-admission
old profit sharing
equal
none of the options
MCQ
Fill in the Blanks
Solution
If a new partner is admitted during the year the profits for the year should be divided between pre-admission and post-admission period on an agreed basis.
shaalaa.com
Admission of a New Partner
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