Question:
Which of the following events does not result in reconstitution?
Which of the following events does not result in reconstitution?
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Reconstitution = change in agreement without ending the firm.
Updated On: Jul 8, 2025
- Dissolution of partnership
- Dissolution of firm
- Death of a partner
- Change in profit sharing ratio
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The Correct Option is B
Solution and Explanation
Dissolution of firm ends business. No reconstitution occurs.
Other options involve change in agreement, i.e., reconstitution.
Other options involve change in agreement, i.e., reconstitution.
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