Which of the following is not true with respect to Admission of a partner?
A. A new partner can be admitted if it is agreed in the partnership deed.
B. If all the partners agree, a new partner can be admitted.
C. A new partner has to bring relatively higher capital as compared to the existing partners
D. A new partner gets right in the assets of the firm
Answer:C
Which of the following is not true with respect to Admission of a partner?
A. A new partner can be admitted if it is agreed in the partnership deed. B. If all the partners agree, a new partner can be admitted. C. A new partner has to bring relatively higher capital as compared to the existing partners D. A new partner gets right in the assets of the firm