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Differentiate between reconstitution of partnership and …

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Differentiate between reconstitution of partnership and dissolution of partnership firm
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Pragati Aggarwal 6 years, 5 months ago

Reconstitution of partnership refers to the preparing new partnership deed as like change in profit sharing ratio, admittion of partner and retirement or death of partner. But dissolution refers to the ending of partnership firm not partnership as in this the bussines is ended due to completion of the purpose of the partnership firm for which it is established.
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