Question

which among the following in not an element of reconstitution of partnership business?
a) Admission
b) Change in profit sharing
c)Death
d) Dissolution of firm​

Answer 1

Explanation:

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Answer 2

ANSWER
Partnership is an agreement between two or more persons (called partners) for sharing the profits of a business carried on by all or any of them acting for all. The partners often resort to reconstitution of the firm in various ways such as admission of a new partner, change in profit sharing ratio, retirement of a partner, death or insolvency of a partner.