List of top Accountancy Questions on Reconstitution of Partnership asked in CBSE CLASS XII

Which of the following events does not result in reconstitution?
A, B and C were partners in a firm sharing profits and losses in the ratio of \( \frac{1}{2} : \frac{1}{3} : \frac{1}{4} \). D was admitted in the firm for \( \frac{1}{6} \) share. C would retain his original share. The new profit sharing ratio will be:
Pawan, a partner, was appointed to look after the process of disSolution of the firm, for which he was allowed a remuneration of Rs.75,000. Pawan agreed to bear the disSolution expenses. Actual disSolution expenses Rs.60,000 were paid by Pawan. Pawan’s capital account will be credited by:
On disSolution of a partnership firm, if realisation expenses are paid by the firm on behalf of a partner, then such expenses are debited to which of the following account:
Ridhima and Kavita were partners sharing profits and losses in the ratio of 3 : 2. Their fixed capitals were Rs.1,50,000 and Rs.2,00,000 respectively. The partnership deed provides for interest on capital @ 8% p.a. The net profit of the firm for the year ended 31st March, 2023 amounted to Rs.21,000.
The amount of interest on capital credited to the capital accounts of Ridhima and Kavita will be:

Assertion (A): In partnership firm, the private assets of the partners can also be used to pay off the firm's debts. 
Reason (R): The liability of the partners for acts of the firm is limited. 
Choose the correct option from the following:

A partnership firm has 45 partners. It wants to admit 7 more partners into partnership. Only ____ more partners can be admitted in the partnership firm according to Companies Act, 2013.