Advertisement
Advertisement
MCQ
Choose the appropriate alternative from the given options:
Which of the following does not result into reconstitution of a firm?
Options
Dissolution of partnership firm.
Dissolution of partnership.
Change in profit-sharing-ratio of existing partners.
Death of partner.
Advertisement
Solution
Dissolution of partnership firm does not result into reconstitution of a firm as the firm winds up and closes its operations permanently.
Hence, the correct answer is Dissolution of partnership firm.
Concept: Accounting for Partnership Firms - Reconstitution and Dissolution
Is there an error in this question or solution?
