Question
Accountancy Question on Profit sharing ratio
Reconstitution of Partnership means :
A. Change in Profit Sharing Ratio among existing partners
B. Dissolution of Partnership firm
C. Retirement of Partner
D. Admission of Partner
E. Death of Partner
Choose the correct answer from the options given below :
A
A, B, D and E only
B
A, B, C and E only
C
A, C, D and E only
D
B, C, D and E only
Answer
A, C, D and E only
Explanation
Solution
The correct option is (C) :A, C, D and E only.