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Which of the following situations is a common reason for the admission of a new partner?a)Increase in the existing partners' salariesb)Need for additional capital and managerial expertisec)Division of accumulated profitsd)Amalgamation of two partnership firmsCorrect answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Which of the following situations is a common reason for the admission of a new partner?a)Increase in the existing partners' salariesb)Need for additional capital and managerial expertisec)Division of accumulated profitsd)Amalgamation of two partnership firmsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following situations is a common reason for the admission of a new partner?a)Increase in the existing partners' salariesb)Need for additional capital and managerial expertisec)Division of accumulated profitsd)Amalgamation of two partnership firmsCorrect answer is option 'B'. Can you explain this answer?.

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