Accountancy, asked by rajeevkumarrajeev408, 1 year ago

what is reconstitution of partnership firm

Answers

Answered by madniashrafi

1

ny change in the existing agreement of partnership amounts ot reconstitution of the partnership firm. There are five occasions when a reconstitution of a partnership take place: Change in profit sharing ratio between the existing partners. Admission of a new partner. Retirement of a existing partner.

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