Question : Change in the existing agreement between the partners is called
Option 1: Dissolution of Firm
Option 2: Reconstitution of Partnership
Option 3: Dissolution of Business
Option 4: None of the Above
Correct Answer: Reconstitution of Partnership
Solution : Any modification to the current contract is referred to as reconstruction of the partnership firm. In light of the altered connection between the partners in the partnership Firm and the changes to its membership, the previous agreement comes to an end, and a new one is created.
Hence the correct answer is option 2.
Question : The dissolution of partnership between all the partners of a firm is called:
Question : Any change in the relationship of existing partners which results in an end of the existing agreement and enforce a new agreement is called
Question : Choose which of the following statements is correct.
Question : At the time of reconstitution of a partnership firm, recording of an unrecorded liability will lead to:
Question : Which of the following does not result in consideration of a firm?
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