illustration 11 | Class 12 Accountancy
- 4 years ago
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.