Saved Bookmarks
| 1. |
State 'True' or 'False'A new partner is admitted in the firm for getting additional capital and skill.OptionsTrueFalse |
|
Answer» True Explanation: There can be many reasons for admitting a new partner in a firm. For example, if the firm is short of capital, then a new partner can be admitted with the approval of all the partners. The new partner brings his or her share of capital, besides the skills possessed by him. |
|