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Partnership Accounts

Accountancy

If new partner capital is more than old partners capital it is possible? Example: A's capital is 20,000 and B's capital is 15,000 and they share profits equally. C is admitted as a partner with 18,000 as his capital for 1/4 share in the profits.

Nalin kumar

CA Final

★ 445

28-Apr-20 21:47

397

Answers (2)

Yes it is possible, there is no such restriction, it is the requirement and understanding between the partners.

Sudha Reddy

CA Final

★ 20K+

29-Apr-20 08:05

Sudha Reddy

Yes it is possible, there is no such restriction, it is the requirement and understanding between the partners.

Thank you

anamika vardhan

CA Inter

★ 1K+

29-Apr-20 09:08

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