CLASS XII ACCOUNTANCY Reconstitution of a Partnership Firm – Admission of a Partner – Part II
Reconstitution of a Partnership Firm: What Is It? A partnership is an agreement between two or more people to split the profits from a business venture undertaken by all of them or by a single person acting on their behalf. Any modification to the current contract is referred to as reconstituting the partnership firm.
Reconstitution of a Partnership Firm: What Is It? A partnership is an agreement between two or more people to split the profits from a business venture undertaken by all of them or by a single person acting on their behalf. Any modification to the current contract is referred to as reconstituting the partnership firm.
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