Changes can occur in partnership when:
i. partnership is dissolved
ii. There is amalgamation of partnership
iii.There is a change in the profit or loss sharing ratio
Iv. Intangible asset increase
i. partnership is dissolved
ii. There is amalgamation of partnership
iii.There is a change in the profit or loss sharing ratio
Iv. Intangible asset increase
-
A.
I,II and IV -
B.
I & III -
C.
I,II and III -
D.
I, III and IV
Correct Answer: Option C
Explanation
I II and III:Changes will occur in partnership is dissolved amalgamation and changes in profit or loss sharing ratio