Advertisements
Advertisements
प्रश्न
State Whether the following Statement is True or False:
In the event of death, the combined share of profits of the continuing partners will decrease.
सत्य या असत्य
Advertisements
उत्तर
The statement is false.
Explanation:
On the death of a partner, the continuing partners acquire the deceased partner’s share in the new profit-sharing ratio. Therefore, their combined share of profits increases, not decreases.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
