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Curriculum-aligned learning paths for students in Classes 6-12.

RP
Question Practice

Which concept relates to how existing partners compensate for the new partner's share?

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

Which concept relates to how e...

Single Answer MCQ
Q-00082200

Which concept relates to how existing partners compensate for the new partner's share?

1

Revaluation of Assets

2

Goodwill Calculation

3

Sacrificing Ratio

4

New Profit Sharing Ratio

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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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