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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


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

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.

 

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