At the time of admission of a new partner, for getting right to share the assets of the partnership firm, the new partner atleast will bring :-

Amount of his capital.

The correct answer is Option (4) → Amount of his capital.

• When a new partner is admitted, they get two types of rights:

  1. Right to share in the assets of the firm.

  2. Right to share in the future profits of the firm.

• To obtain the right to share in the assets, the new partner must contribute capital, as it represents ownership in the firm’s property and resources.

• The premium for goodwill, on the other hand, is paid only when the firm has existing goodwill and gives the new partner a right to share in future profits, not assets.

• The new partner may or may not bring goodwill, but capital is mandatory to acquire an ownership stake.