Practicing Success
Practicing Success
CUET Preparation Today
| A, B and C are partners in a firm. If D is admitted as a new partner, then what will happen? |
Old firm is dissolved Old firm and old partnership is dissolved Old Partnership is reconstituted None of these |
| Old Partnership is reconstituted |
| The partnership is an agreement between two or more persons for sharing the profits of a business carried on by all or any one of them acting for all. Any change in the existing agreement is known as reconstitution of the partnership firm |
