Multiple Choice Questions on If the remaining partners want to continue the business after the retirement of a partner a new part........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

If the remaining partners want to continue the business after the retirement of a partner a new part...........

General Accounting Principles Partnership
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    If the remaining partners want to continue the business after the retirement of a partner, a new partnership agreement is

    necessary

    Correct Answer

    not necessary

    Incorrect Answer

    optional

    Incorrect Answer

    none of the above

    Incorrect Answer
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    Explanation:

    Retirement, admission, death of partner leads to reconstitution of the firm where old partnership agreement comes to an end and its necessary to form new partnership agreement.

    By: SWAPNIL AGGARWAL
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