Assertion (A): A newly admitted partner has the right to share the assets of the partnership firm. Reason (R): As per the provisions of the Partnership deed, the new partner has to bring some amount as Capital which can be in cash or in kind of assets to get rights in the assets and future profits of the firm. a) Both Assertion (A) and Reason (R) are true. b) Both Assertion (A) and Reason (R) are false. c) Assertion (A) is true and Reason (R) is false. d) Assertion (A) is false and Reason (R) is true.

Assertion (A): A newly admitted partner has the right to share the ass

1.	Assertion (A): A newly admitted partner has the right to share the assets of the partnership firm. Reason (R): As per the provisions of the Partnership deed, the new partner has to bring some amount as Capital which can be in cash or in kind of assets to get rights in the assets and future profits of the firm. a) Both Assertion (A) and Reason (R) are true. b) Both Assertion (A) and Reason (R) are false. c) Assertion (A) is true and Reason (R) is false. d) Assertion (A) is false and Reason (R) is true.
Answer» a) Both Assertion (A) and Reason (R) are true.

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