Which of the following statements is not true in relation to admission of a partner? (a) Generally mutual rights of the partners change (b) The profits and losses of the previous years are distributed to the old partners (c) The firm is reconstituted under a new agreement (d) The existing agreement does not come to an end

Which of the following statements is not true in relation to admission

1.	Which of the following statements is not true in relation to admission of a partner? (a) Generally mutual rights of the partners change (b) The profits and losses of the previous years are distributed to the old partners (c) The firm is reconstituted under a new agreement (d) The existing agreement does not come to an end
Answer» (d) The existing agreement does not come to an end