Question
Accountancy Question on Partnership
Select out of the following that is not considered as one of the modes of reconstitution of a partnership firm.
A
Change in the profit sharing ratio among the existing partners
B
Admission of a new partner
C
Retirement of an existing partner
D
Dissolution of a partnership firm
Answer
Dissolution of a partnership firm
Explanation
Solution
The correct option is (D):Dissolution of a partnership firm