Partnership Admission
1) purchase method = purchase / buy word
2) bonus method = Capital is increased by new partner's investment
3) goodwill to old partners = Capital is to be credited with entire amount of his/her investment
4) goodwill to new partner = Old partners are not ready to reduce their capitals
5) sufficient cash method = sufficient cash word
6) mix method = total capital is given in the question
2) bonus method = Capital is increased by new partner's investment
3) goodwill to old partners = Capital is to be credited with entire amount of his/her investment
4) goodwill to new partner = Old partners are not ready to reduce their capitals
5) sufficient cash method = sufficient cash word
6) mix method = total capital is given in the question
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