Increase In the value of assets on reconstitution of the partnership firm results into :
A. Gain to the existing partners
B. Lossa to the existing partners
C. Neither gain nor loss to the existing partners
D. None of these
Answer:A
Increase In the value of assets on reconstitution of the partnership firm results into :
A. Gain to the existing partners B. Lossa to the existing partners C. Neither gain nor loss to the existing partners D. None of these