Accountancy, asked by sameer78b, 7 days ago

Mention any two situations when reconstructions of partnership are required​

Answers

Answered by 1400039
0

Answer:

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 insolvency of a partner.

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Answered by selenia07874
1

Answer:

Admission of new partner

Death/Retirement of partner

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