Accountancy, asked by anilahirwar0002, 6 months ago

what are the main circumstances on which reconstitution of partnership firm can take place​

Answers

Answered by Anonymous
3

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.

Explanation:

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