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Question
Which of the following statements is not true?
Options
When the partner is admitted it leads to reconstitution of the firm.
When the partner dies it is considered as reconstitution of the firm.
When the partners change their profit sharing ratio it is said to be as the reconstitution of the firm.
When the partner buys an asset it is considered as the reconstruction of the firm.
MCQ
Solution
When the partner buys an asset it is considered as the reconstruction of the firm.
shaalaa.com
Change in Profit Sharing Ratio Among the Existing Partners
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