Question 32 Not yet answered Marked out of 1 P Flag question What will happen if Mr. Ansari joins as a partner, where already 5 partners are working in a firm: O a. None of these are correct O b. Old partnership is reconstituted O c. Old firm is dissolved O d. Old firm and old partnership is dissolved Question 5 Not yet answered Marked out of 1 Flag question Identify the correct statement/s from the following:1. In absence of partnership agreement, no interest on capital is allowed II. In absence of partnership agreement, 6% interest on partner's loan is allowed O a. Statement I only correct O b. Both Statements are correct c. Statement Ill only correct O d. Both Statements are wrong Marked out of 1 P Flag question Dissolution of a partnership firm refers to? a. All assets will be realized and liabilities will be paid off O b. It means that business will come to an end and the firm will wind up its business O c. Termination of the existing relationship between the partners of a firm O d. All options are correct