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Sav [38]
2 years ago
9

What is the Reconstituted Firm???​

Business
2 answers:
ella [17]2 years ago
8 0

Explanation:

When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.

Georgia [21]2 years ago
4 0
When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.

Reconstruction of a partnership firm refers to any change in the existing partnership or in the agreement between the existing partners. It results at the end of the existing partnership and a new partnership comes into existence with changed terms and conditions and the profit sharing Ratio of the partners
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