name the two rights of a new partner.
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name the two rights of a new partner.
name the two rights of a new partner.
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Answer:
state the two main righ acquired by a new partner . Answer : Right of a New Partner :
Sharing in the assets of the firm : In order to
acquire the right of becoming the owner of a
part of assets of the firm ,new partner has to
contribute towards the amount of capital into
the business. ...........
Explanation:
Answer:
Partners can exercise the following rights under the Act unless the partnership deed states otherwise: Right to participate in business: Each partner has an equal right to take part in the conduct of their business. ... Right to access books and accounts: Each partner can inspect and copy books of accounts of the business.
Explanation: