Old partnership firm will dissolve in wh

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Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:

Old partnership firm will dissolve in which of the following cases?

Options:

Admission of new partner

Death of Partner

Change in profit sharing ratio

None of these

Correct Answer:

None of these

Explanation:

Old partnership firm will not be dissolved but only reconstituted in the case of admission, retirement or death of a partner.