Question : Which of the following does not consist of reconstruction of partnership?
Option 1: Retirement and death of a partner
Option 2: Change in profit sharing ratio
Option 3: Admision of a partner
Option 4: Dissolution of partnership
Correct Answer: Dissolution of partnership
Solution : Answer = Dissolution of partnership
Changes in profit sharing ratio, admission and retirement of partners all are the causes of the reformation of partnership.
Dissolution of partnership does not consist of reformation of partnership. Hence, the correct option is 4.
Question : Which of the following does not result in consideration of a firm?
Question : Choose which of the following statements is correct.
Question : At the time of reconstitution of the firm by way of change in profit sharing ratio/ admission of a partner/retirement of a partner/death of a partner, Gaining partners compensates the sacrificing partner by paying a proportionate amount of
Question : At the time of reconstruction of a partnership due to admission of a new partner, the balance of the Workmen Compensation Reserve will be transferred to:
Question :
A firm is reconstituted in the event of:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile