Accounting · Partnership Accounts - Admission
A newly admitted partner acquires two main rights in a partnership firm. Identify the correct pair of rights from the following: (A) Right to share the assets of the partnership firm (B) Right to claim interest on capital by default (C) Right to claim remuneration for managing the firm's work (D) Right to share the future profits of the partnership firm
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) and (D) only✓
- 2(B) and (C) only
- 3(C) and (D) only
- 4(A) and (B) only
Correct answer
(A) and (D) only
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