Which of the following statements results in the reconstitution of a partnership firm:-

(A) Change in profit sharing ratio among partners.
(B) Admission of a new partner.
(C) Dissolution of a partnership firm.
(D) Dissolution of a partnership.

Choose the correct answer from the options given below:

(A), (B) and (D) only

The correct answer is Option (2) → (A), (B) and (D) only

Reconstitution means the firm continues but the partners’ relationship changes—e.g., change in profit-sharing ratio (A), admission of a partner (B), or a dissolution of the existing partnership relation (D) leading to a new constitution.

Dissolution of the firm (C) closes the business—this is not reconstitution.