Question
Accountancy Question on Partnership
Identify that will lead to dissolution of partnership
A
When the business of the firm becomes illegal
B
When a partner becomes insane
C
When a partner persistently commits breach of partnership agreement
D
When there is change in existing profit sharing ratio among partners
Answer
When there is change in existing profit sharing ratio among partners
Explanation
Solution
The correct option is (D):When there is change in existing profit sharing ratio among partners