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PARTNERSHIP ADMISSION OF A NEW PARTNER 1. Jon and Bolton are partners in a firm, sharing profits and losses in the ratio of 2 :3. Their Balance Sheet as at 31st March 2014, was as follows : Balance
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What is partnership admission of a?
Partnership admission of a refers to the process of adding a new partner to an existing partnership.
Who is required to file partnership admission of a?
The existing partners of the partnership are required to file partnership admission of a when adding a new partner.
How to fill out partnership admission of a?
Partnership admission of a can be filled out by providing information about the new partner, their capital contribution, profit-sharing ratio, and other relevant details.
What is the purpose of partnership admission of a?
The purpose of partnership admission of a is to formally document the addition of a new partner to the partnership and establish their rights and responsibilities.
What information must be reported on partnership admission of a?
Information such as the new partner's name, address, capital contribution, profit-sharing ratio, and any special clauses or agreements must be reported on partnership admission of a.
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