Question

Change in profit sharing ratio among partners results in ______

पर्याय

• The sacrifice of a share in profit by one or more partners

• Gain of share in profit by one or more partners

• Both The sacrifice of a share in profit by one or more partners and the Gain of a share in profit by one or more partners.

• None of the above

Answer 1

Change in profit sharing ratio among partners results in Both The sacrifice of a share in profit by one or more partners and the Gain of a share in profit by one or more partners.

Explanation:

This could result in a win for a few partners and a loss for others. Profited partners should compensate the sacrificing partner/partners in the profit-sharing ratio.