CUET Preparation Today
Assertion: On retirement, the old partnership agreement comes to an end and a new partnership agreement comes into existence between the remaining partners. |
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A. Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A. Assertion (A) is true but Reasoning (R) is not correct. Assertion (A) is not true but Reasoning (R) is correct. |
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A. |
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A as retirement makes the reconstitution of the firm not dissolution. A new agreement comes into force. |
