Which of the following facts are related to modes of reconstitution of a partnership firm.
(A) Admission of a new partner
(B) Dissolution of a partnership firm
(C) Death of a partner
(D) Change in the profit sharing ratio among the existing partners
(E) Retirement of a partner
Choose the correct answer from the options given below:
(
This question was previously asked in
Shift 11/06/2023 3:30 PM - 6:30 PM
A
(A), (B), (C) and (D) Only
B
(A), (C), (D) and (E) Only
C
(A), (B), (D) and (E) Only
D
(B), (C), (D) and (E) Only
Correct Answer
(A), (C), (D) and (E) Only
Detailed Explanation
The various modes of reconstitution of a partnership firm include:
(A) Admission of a new partner
(C) Death of a partner
(D) Change in the profit-sharing ratio among the existing partners
(E) Retirement of a partner
These modes represent changes in the composition of the partnership. Dissolution of a partnership firm is not a mode of reconstitution but rather the termination of the partnership, so it is not related to reconstitution.
So, the correct answer is:
(3) (A), (c), (D), and (E) Only
Get Dubuddy App
Practice on the go with our mobile app
More CUET Questions
1
Identify the other name by which Liquid ratio is known:
(
2
Subscription Received in Advance is a :
(
3
Match List - I with List - II. List - I List - II (A) Share Capital (
4
What will be the accounting treatment of outstanding expenses in the Income and Expenditure A/c.
(A) Added in main or concerned head
(B) Subtracted from main head
(C) Shown in Balance-Sheet as Liability
(D) Will not be shown in Income and Expenditure A/c
(E) Shown in Receipt and Payment A/c only
Choose the correct answer from the options given below:
(
Test Series
CUET Subjects
Your CUET Journey Starts with DuBuddy
CUET ki Practice Means DuBuddy Pe Practice