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RP
Question Practice

In reconstitution of a firm, what happens to the profit-sharing ratio after admitting a new partner?

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

In reconstitution of a firm, w...

Single Answer MCQ
Q-00082065

In reconstitution of a firm, what happens to the profit-sharing ratio after admitting a new partner?

1

It remains the same as before

2

It is always equal among all partners

3

It changes as per the agreement

4

It is determined by existing partners only

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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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