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easyMCQCUET Accountancy 2025 2 June Shift 22026CUET Accountancy
1 mark

Reconstitution of a partnership firm does not involve:

  1. A
    Admission of partner
  2. B
    Dissolution of firm.
  3. C
    Death of partner.
  4. D
    Retirement 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.

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Reconstitution of a partnership firm does not involve:
A
Admission of partner
B
Dissolution of firm.
C
Death of partner.
D
Retirement of partner.

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