The following is not a mode of reconstitution of a partnership firm.

New profit sharing ratio

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Admission of a new partner

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Changes in the profit sharing ratio among the existing partners

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Death of a partner

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Solution

The correct option is B New profit sharing ratio
Partnership is an agreement between two or more persons (called partners) for sharing the profits of a business carried on by all or any of them acting for all. The partners often resort to reconstitution of the firm in various ways such as admission of a new partner, change in profit sharing ratio, retirement of a partner, death or insolvency of a partner.

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