In case of admission of partner in a firm, the old partners (existing) are entitled to ?
(A) Share of profit or loss of revaluation account.
(B) Share of goodwill brought in by new partner.
(C) Share of exisitng accumulated profits but not of accumulated losses.
(D) Share in employees provident fund.
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) →
(A) and (B) only