Atharv Sankliya 13 March 2023
Dr J C Vashista (Advocate) 13 March 2023
No, such partner cannot claim share of profit.
No facts posted makes the query as an examination hall question paper ???
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 13 March 2023
no previous profit to the new admission comer into the firm. But At the time of admission of a new partner, we need to revalue the existing assets and liabilities and thus, prepare the revaluation account.
Advocate Bhartesh goyal (advocate) 13 March 2023
No, new partner can't claim share of profit for the previous period of his entry in partnership
Atharv Sankliya 13 March 2023
P. Venu (Advocate) 13 March 2023
You have not posted the material facts. In the absence of facts as well the context, the posting is a riddle than a query.
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