Which of the following facts are related to modes of reconstitution of a partnership firm? (A) Admission of a new partner (B) Dissolution of a partnership firm (C) Death of a partner (D) Change in the profit sharing ratio among the existing partners (E) Retirement of a partner Choose the correct answer from the options given below : |
(A), (B), (C) and (D) only (A), (C), (D) and (E) only (A), (B), (D) and (E) only (B), (C), (D) and (E) only |
(A), (C), (D) and (E) only |
The correct answer is option (2) : (A), (C), (D) and (E) only Reconstitution of the partnership firm takes place in the following ways- These modes represent changes in the composition of the partnership. Dissolution of a partnership firm is not a mode of reconstitution but rather the terminator of the partnership, so it is not related to reconstitution. So, the correct answer is (A), (C), (D) and (E) only |