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प्रश्न
Out of the following, in which situation(s) the reconstitution of a firm takes place:
पर्याय
At the time of change in profit sharing ratio amongst the partners.
At the time of admission of a new partner.
Both at the time of change in profit sharing ratio amongst the partners and at the time of admission of a new partner.
At the time of doing past adjustments.
MCQ
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उत्तर
Both at the time of change in profit sharing ratio amongst the partners and at the time of admission of a new partner.
Explanation:
Reconstitution of a partnership firm takes place when there is a change in the existing agreement among partners, such as:
- Change in profit-sharing ratio among existing partners
- Admission of a new partner
Therefore, both (A) and (B) are situations where reconstitution occurs.
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