Question

4. At the time of change in profit sharing ratio the combined shares of all
partners remains unchanged. (True/False)
(1)
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Answer 1

true

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Answer 2

At the time of change in profit sharing ratio the combined shares of all  partners remains unchanged. - True

• The potential partners, under some circumstances can choose to subtly alter their current profit-sharing ratio without any partner changes.
• The potential partners who are profiting due to this likely move could amply compensate the sacrificing partner in the direct benefit sharing ratio.
• In the particular case of a shift in the profit-sharing ratio between current partners, the winning partner will reimburse the partner who willingly consumed their significant share.
• The sacrificing partner should be amply compensated by the gaining partner.