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The circumstances when change in profit sharing ratio is needed:
  • a)
    At the time of admission/retirement/death
  • b)
    To distribute the revaluation profit
  • c)
    When existing partner’s decide
  • d)
    Both When existing partner’s decide and At the time of admission/retirement/death
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The circumstances when change in profit sharing ratio is needed:a)At t...
Change in profit sharing ratio is essential in the following circumstances:
1. When existing partners have decided to change their existing profit sharing ratio to new ratio.
2. When a new partner is admitted 
3. When a partner gets retirement from the firm
4. At the time of death of a partner
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Most Upvoted Answer
The circumstances when change in profit sharing ratio is needed:a)At t...
Change in profit sharing ratio is essential in the following circumstances:
1. When existing partners have decided to change their existing profit sharing ratio to new ratio.
2. When a new partner is admitted 
3. When a partner gets retirement from the firm
4. At the time of death of a partner
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Community Answer
The circumstances when change in profit sharing ratio is needed:a)At t...
Because when a partner admitted them profit sharing ratio must be changed
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The circumstances when change in profit sharing ratio is needed:a)At the time of admission/retirement/deathb)To distribute the revaluation profitc)When existing partner’s decided)Both When existing partner’s decide and At the time of admission/retirement/deathCorrect answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The circumstances when change in profit sharing ratio is needed:a)At the time of admission/retirement/deathb)To distribute the revaluation profitc)When existing partner’s decided)Both When existing partner’s decide and At the time of admission/retirement/deathCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The circumstances when change in profit sharing ratio is needed:a)At the time of admission/retirement/deathb)To distribute the revaluation profitc)When existing partner’s decided)Both When existing partner’s decide and At the time of admission/retirement/deathCorrect answer is option 'D'. Can you explain this answer?.
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