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Newest Advanced Accounts Volume–I, 19th Edition summaries
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Interview
admission of a partner
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---19June 20212020/2021
- Admission of a partner 
Meaning: 
When a new partner is admitted in a running business due to the requirement of more capital or 
may be to take advantage of the experience and competence of the newlyadmitted partner or any 
other reason, it is called admission of a partner in partnership firm.
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