Any change in the relationship of existing partners which results at an end of the existing agreement

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Any change in the relationship of existing partners which results at an end of the existing agreement

by Doubtly (98.9k points) in Accountancy asked Jul 21, 2022 310 views

edited Jun 29, 2023

Any change in the relationship of existing partners which results at an end of the existing agreement and enforces making of a new agreement is called

(a) Revaluation of partnership
(b) Reconstitution of partnership
(c) Realisation of partnership
(d) None of the above

1 Answer

Doubtly · Answer 1 · 2022-07-21T08:52:11+0000

by Doubtly (98.9k points) answered Jul 21, 2022

edited Jun 29, 2023

(b) Reconstitution of partnership

Any change in the relationship of existing partners which results at an end of the existing agreement

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