Q387
Where a change occurs in the constitution of a firm and no new agreement is made
A.
The ratio of profit sharing shall become equal for all the partners
B.
The ratio of profit sharing shall remain the same to the extent to which it is consistent with the altered composition of the firm
AnswerC.
The ratio of profit sharing shall change in the ratio of capital contributions
D.
The ratio of profit sharing shall change in the ratio of personal efforts/labour input of the partners
Answer: Option B
Solution
Answer: Option B
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