JAMB - Accounts Principles Of Accounts (2017 - No. 14)
Changes can occur in partnership when:
i. partnership is dissolved
ii. There is amalgamation of partnership
iii.There is a change in the profit or loss sharing ratio
Iv. Intangible asset increase
i. partnership is dissolved
ii. There is amalgamation of partnership
iii.There is a change in the profit or loss sharing ratio
Iv. Intangible asset increase
I,II and IV
I & III
I,II and III
I, III and IV
Explanation
I II and III:Changes will occur in partnership is dissolved amalgamation and changes in profit or loss sharing ratio
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