List of top Accountancy Questions on Reconstitution of Partnership asked in UP Board XII

What is meant by reconstitution of partnership firm?
What do you mean by Revaluation Account? Write reasons for the preparation of 'Revaluation Account' on the admission of a partner.
State any two occasions when reconstitution of a partnership firm takes place.
Write two main rights acquired by the new partner.
A new partner may be admitted into a partnership: