Identify out of the following, that leads to reconstitution of partnership firm.

A. Retirement of a Partner
B. Admission of a Partner
C. Change in Profit Sharing Ratio
D. Dissolution of partnership firm
E. Death of Partner

Choose the correct answer from the options given below:

A, B, C and E only

The correct answer is option (1) - A, B, C and E only.

D. Dissolution of partnership firm- It leads to closure of business and partnership 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

These modes represent changes in the composition of the partnership.