CameraIcon

SearchIcon

MyQuestionIcon

3

You visited us 3 times! Enjoying our articles? Unlock Full Access!

Meaning of Retirement

State any two...

Question

State any two occasions on which a firm can be reconstituted.

Open in App

Solution

Two occasions on which a firm can be reconstituted.

(i) At the time of admission of a new parter;

(ii) At the time of retirement or death of one of the partner.

Suggest Corrections

thumbs-up

9

Similar questions

State any two occasions on which a firm can be reconstituted ?

Q. Given any one difference between reconstitution of a firm and dissolution of firm.

Q. State any one occasion for the dissolution of the firm on court's orders.

Q. Why is the value of goodwill determined when a firm is reconstituted?

Q. Why should assets and liabilities be revalued on the reconstitution of a partnership firm? Explain briefly giving examples.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Retirement of a Partner- I

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Meaning of Retirement

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon