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Question Practice

If the partnership is reconstituted after a partner's death, what must be done with the deceased partner's assets?

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

If the partnership is reconsti...

Single Answer MCQ
Q-00082208

If the partnership is reconstituted after a partner's death, what must be done with the deceased partner's assets?

1

They are divided equally among remaining partners.

2

They are valued and settled according to their will.

3

They are immediately liquidated.

4

They are left untouched.

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