CUET Preparation Today
Which of the following will not lead to dissolution of partnership firm? |
When a partner becomes insane When a partner persistently commits breach of partnership agreement When the business of the firm cannot be carried on except at a loss Change in the profit sharing ratio among the existing partners |
Change in the profit sharing ratio among the existing partners |
The correct answer is option 4- Change in the profit sharing ratio among the existing partners. All other options are mode of dissolution of firm by court. Change in the profit sharing ratio among the existing partners will not lead to dissolution of partnership firm. It is a mode of Reconstitution of the partnership firm. Reconstitution of the partnership firm takes place in the following ways- |
