A change in the relationship of existing partners which results in an end of the existing agreement and formation of new one is
A change in the relationship of existing partners which results in an end of the existing agreement and formation of new one is
a) Revaluation of Partnership
b) Reconstitution of Partnership
c) Realisation of Partnership
d) None of these
Anurag Pathak Changed status to publish May 5, 2023
Ans – b)
When there is a change in the agreement of partners, new partnership agreement is prepared, however firm exist is called reconstitution of partnership
Anurag Pathak Changed status to publish May 5, 2023
