Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

Which of the following will not lead to reconstitution of partnership firm?

Options:

Admission of a Partner

Retirement of a Partner

Dissolution of partnership firm

Death of Partner

Correct Answer:

Dissolution of partnership firm

Explanation:

The correct answer is option 3- Dissolution of partnership firm.

Dissolution of partnership firm will not lead to reconstitution of 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