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easyMCQCUET Accountancy 2025 3 June Shift 12026Accountancy
1 mark

A new partner can be admitted:

  1. A
    By the consent of the majority of partners.
  2. B
    By draw of lot
  3. C
    By the consent of all partners.
  4. D
    At the desire of any one partner.

Solution & Step-by-step Explanation

According to Section 31 of the Indian Partnership Act, 1932, a new partner can be admitted into the firm only with the unanimous consent of all the existing partners, unless otherwise agreed upon in the partnership deed.

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A new partner can be admitted:
A
By the consent of the majority of partners.
B
By draw of lot
C
By the consent of all partners.
D
At the desire of any one partner.

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