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P1 C4 RECUSTRUCTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C4 RECUSTRUCTION OF PARTNERSHIP1 Mark
MCQ
Generally, reconstruction of partnership mm is$ .......$
  • A
    Gain for existing partners
  • B
    No profit / no loss for partners
  • ✓
    Loss for existing partners
  • D
    None of the given
✓

Answer

Correct option: C.
Loss for existing partners

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