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in this discussion we will discuss the discussion question of described process for a new partner to be admitted to a partnership for more accounting information and accounting courses visit our website at accounting instruction dot info so this is a bit of a loaded question here because theres a few different ways that a new partner can be admitted to a partnership and that you know the transactions that will be involved will be a bit different depending on on those processes so one way is that we can have a partnership say weve got a and B as the partners a and B and they own 50/50 we could have one partner say B sell a portion of their partnership say 20% to C and if that happened then whats happening is is and usually youd have to get approval from a B would have to get approval from a to sell a portion of the product of the partnership to C but once done so its really a transaction between not the partnership and the new partner but between B and C so theyre selling part of
