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Changes can occur in partnership when: i. partnership is dissolved ii. There is amalgamation of...

Accounts - Principles of Accounts
JAMB 2017
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
  • A. I,II and IV
  • B. I & III
  • C. I,II and III
  • D. I, III and IV
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Correct Answer: Option C
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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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts