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Partnership Accounts

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 Nalin kumar

Nalin kumar Nalin kumar

CA Foundation

445

28-Apr-20 21:47

40

Answers (2)

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


sudha reddy

sudha reddy

Moderator

29-Apr-20 08:05