Advertisement Remove all ads

What is Meant by ‘Reconstitution of a Partnership Firm’ - Accountancy

What is meant by ‘Reconstitution of a partnership firm’

Give the meaning of 'Reconstitution of a partnership firm'?

Advertisement Remove all ads

Solution

When there is a change in the existing partnership agreement which causes the termination of the agreement and a new partnership agreement comes into form it is called as ‘Reconstitution of a partnership firm’.

Concept: Accounting for Partnership Firms - Reconstitution and Dissolution
  Is there an error in this question or solution?
Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×