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


28-Apr-20 21:47


Answers (2)

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

sudha reddy

sudha reddy


29-Apr-20 08:05