Accountancy Part AAdmission of a Partner

A newly admitted partner acquires two main rights in the firm. Which…

A newly admitted partner acquires two main rights in the firm. Which of the following right is included in them?

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Right to share the assets of the partnership firm

NCERT (2026-27 edition):
Admission of a New Partner – “… A newly admitted partner acquires two main rights in the firm– 1. Right to share the assets of the partnership firm; and 2. Right to share the profits of the partnership firm.”