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Choose the Appropriate Alternative from the Given Options: Which of the Following Does Not Result into Reconstitution of a Firm? - Accountancy

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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.

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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
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