Question Description
What is the purpose of the additional amount contributed by a new partner known as premium or goodwill?a)To cover existing liabilities of the firmb)To compensate existing partners for loss of profitsc)To finance daily operational expensesd)To pay off debts incurred before the admissionCorrect 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 What is the purpose of the additional amount contributed by a new partner known as premium or goodwill?a)To cover existing liabilities of the firmb)To compensate existing partners for loss of profitsc)To finance daily operational expensesd)To pay off debts incurred before the admissionCorrect 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 What is the purpose of the additional amount contributed by a new partner known as premium or goodwill?a)To cover existing liabilities of the firmb)To compensate existing partners for loss of profitsc)To finance daily operational expensesd)To pay off debts incurred before the admissionCorrect answer is option 'B'. Can you explain this answer?.

Solutions for What is the purpose of the additional amount contributed by a new partner known as premium or goodwill?a)To cover existing liabilities of the firmb)To compensate existing partners for loss of profitsc)To finance daily operational expensesd)To pay off debts incurred before the admissionCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.

Here you can find the meaning of What is the purpose of the additional amount contributed by a new partner known as premium or goodwill?a)To cover existing liabilities of the firmb)To compensate existing partners for loss of profitsc)To finance daily operational expensesd)To pay off debts incurred before the admissionCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the purpose of the additional amount contributed by a new partner known as premium or goodwill?a)To cover existing liabilities of the firmb)To compensate existing partners for loss of profitsc)To finance daily operational expensesd)To pay off debts incurred before the admissionCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for What is the purpose of the additional amount contributed by a new partner known as premium or goodwill?a)To cover existing liabilities of the firmb)To compensate existing partners for loss of profitsc)To finance daily operational expensesd)To pay off debts incurred before the admissionCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of What is the purpose of the additional amount contributed by a new partner known as premium or goodwill?a)To cover existing liabilities of the firmb)To compensate existing partners for loss of profitsc)To finance daily operational expensesd)To pay off debts incurred before the admissionCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the purpose of the additional amount contributed by a new partner known as premium or goodwill?a)To cover existing liabilities of the firmb)To compensate existing partners for loss of profitsc)To finance daily operational expensesd)To pay off debts incurred before the admissionCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Class 12 tests.