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State any two occasions on which a firm can be reconstituted.

Anurag Pathak
May 5, 2023
Accountancy Class 12th, Change in Profit Sharing Ratio

2.61K viewsMay 5, 2023Accountancy Class 12th Change in Profit Sharing Ratio

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Anurag Pathak30.88K May 5, 2023 0 Comments

State any two occasions on which a firm can be reconstituted.

Anurag Pathak Changed status to publish May 5, 2023

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Anurag Pathak30.88K Posted May 5, 2023 0 Comments

A firm is reconstituted on:

i) Change in the profit-sharing ratio among the existing partners.

ii) admission of a new partner or partner

Anurag Pathak Changed status to publish May 5, 2023

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.