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At The Time of Reconstitution of a Partnership Firm, Recording of An Unrecorded Liability Will Lead To - Bzziii.com

At the time of reconstitution of a partnership firm, recording of an unrecorded liability will lead to: (A) Gain to the existing partners (B) Loss
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At the time of reconstitution of a partnership firm, recording of an unrecorded liability will lead to: 

(A) Gain to the existing partners 
(B) Loss to the existing partners 
(C) Neither gain nor loss to the existing partners 
(D) None of the above 




(B) Loss to the existing partners 







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