CUET Preparation Today
At the time of admission, the new partner brings in additional amount in the form of goodwill. For what it is used for ? |
To raise the total capital of the firm. To compensates the sacrificing partner(s). To distribute the undistributed profits before admission among the old partners. To compensate all the partners. |
To compensates the sacrificing partner(s). |
The correct answer is Option (2) → To compensates the sacrificing partner(s). |
