Any change in the relationship of existing partners which results in an end of the existing agreement and enforces making of a new agreement is called
Any change in the relationship of existing partners which results in an end of the existing agreement and enforces making of a new agreement is called
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)
Explanation:- When there is any change in agreement among partners. The old partnership is ended and new partnership deed is prepared. This whole process is called reconstitution of partnership.
Anurag Pathak Changed status to publish May 3, 2023
