Reconstitution of a partnership firm does not involve:
- AAdmission of partner
- BDissolution of firm.
- CDeath of partner.
- DRetirement of partner.
Solution & Step-by-step Explanation
Reconstitution refers to a change in the existing partnership agreement that alters the relationship among partners, while the underlying business operations continue (e.g., admission, retirement, or death of a partner). In contrast, the dissolution of the firm completely winds up the business operations and ends its legal identity.