Admission of Partner

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As per section 31 of the Indian Partnership Act 1932 a new partner shall not be included into a firm without the consent of all the existing partners, unless it is agreed otherwise by the partners in the partnership deed. So a new partner can be admitted only if all the existing partners agree to it OR Partners have agreed about admission of a new partner in their partnership deed.These online MCQ tests and MCQ questions includes all main concepts of the chapter in CS foundation Financial Accounting and Auditing.

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