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प्रश्न
State Whether the following Statement is True or False:
Change in profit sharing ratio of existing partners does not amount to reconstitution of the partnership firm.
चूक किंवा बरोबर
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उत्तर
The statement is false.
Explanation:
A change in the profit-sharing ratio of existing partners amounts to the reconstitution of the partnership firm, as it changes the mutual rights and obligations of the partners, even if there is no change in the number of partners.
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