Accountancy, asked by Anurag5362, 11 months ago

Inference of partnership final account

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Answered by gauravarduino

6

Answer:

Any change in the existing agreement is known as reconstitution of the partnership firm. ... Reconstitution of a partnership firm takes place whenever there is a change in the profit sharing ratio among the partners, admission of a new partner, retirement of a partner and death or ...

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