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RP
Question Practice

When recording the change in profit sharing ratio in the partnership deed, what must be ensured?

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

When recording the change in p...

Single Answer MCQ
Q-00082116

When recording the change in profit sharing ratio in the partnership deed, what must be ensured?

1

All partners must be present

2

New partners must bring in capital

3

The revised ratio must reflect actual contributions

4

The old ratio must be deleted entirely

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Q1.

What is reconstitution of a partnership firm?

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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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