Get Started
Start Free Mocks
CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks
Home Questions 77JR5EBWCG
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

Reconstitution of partnership does not involves.....

Options:

Admission of partner

Dissolution of firm

Death of partner

Retirement of partner

Correct Answer:

Dissolution of firm

Explanation:

The correct answer is option 2- Dissolution of firm.

Reconstitution of partnership does not involve Dissolution of firm.

Reconstitution of the partnership firm takes place in the following ways-
* Admission of a new partner
* Change in profit sharing ratio
* Retirement of a partner
* Death of a partner

CUET Questions