Which of the following does not result into the reconstitution of a firm?
Which of the following does not result into the reconstitution of a firm?
a) Dissolution of partnership firm
b) Dissolution of partnership
c) Change in profit sharing ratio of existing partners
d) Death of a partner
Anurag Pathak Changed status to publish May 5, 2023
Ans – a)
Explanation:-
At the time of dissolution of the partnership firm, the firm is completely shut down. Thus there is no scope of the reconstitution of the partnership firm.
Anurag Pathak Changed status to publish May 3, 2023
