Question

Change in profit-sharing ratio of existing partners results in
(A) Revaluation of firm
(B) Reconstitution of firm
(C)Dissolution of firm
(D) None of these​

Answer 1

Answer:

Without any admission or retirement of the partner, sometimes the partners may decide to change their existing profit sharing ratio. This may result in the gain to a few partners and loss to others.

Explanation:

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Answer 2

Answer:

option a {revaluation of firm} is the correct answer.

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Explanation: