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RP
Question Practice

If a partner withdraws from the partnership, how does it impact the firm?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

If a partner withdraws from th...

Single Answer MCQ
Q-00082069

If a partner withdraws from the partnership, how does it impact the firm?

1

No impact on the firm's operations

2

The firm may be dissolved

3

All partners must agree to continue

4

Reconstitution of the partnership occurs

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Q1.

What is reconstitution of a partnership firm?

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Q2.

What are the different modes of reconstitution of a partnership firm?

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Q3.

When can a new partner be admitted into a partnership firm?

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Q4.

What rights does a newly admitted partner acquire in a partnership firm?

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