The change in profit sharing ratio among existing partners results in dissolution of .

the business

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an agreement

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a firm

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a partnership

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Solution

The correct option is D a partnership
An admission of a partner, retirement of a partner or change in profit sharing ratio among existing partners, all these results in dissolution of a partnership.

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Similar questions

Where there is no partnership agreement exists between partners, what will be the profit sharing ratio between the partners?

State the ratio in which the partners share the accumulated profits when there is a change in the profit sharing ratio amongst existing partners.

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