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.
चूक किंवा बरोबर
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
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
