Admission rules in a partnership deed are meant for which situation?

Correct answer: For admitting a new partner

Admission rules describe the conditions and procedure for bringing a new person into an existing partnership. They may cover the consent required from existing partners, the capital contribution, the new partner’s profit-sharing ratio, goodwill contribution, duties, and liability from the date of admission. Such terms protect the existing agreement and make the change in the partnership structure clear. Option A is correct because admission specifically means the inclusion of a new partner. Burning old goods, removing a customer, or keeping a shop closed is unrelated to the legal and accounting process of admitting a partner.