When a new person wishes to join an existing partnership,the difference between what the new partner contributes and the value the new partner receives in capital is either a bonus to the existing partners or a bonus to the new partner.

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When a new partner joins a partnership, the difference between their contribution and the capital they receive is adjusted as a bonus to either the existing partners or the new partner, depending on whether the contribution is more or less than the capital share received.

When a New Person Wishes to Join an Existing Partnership,the