Question

Which of the following does not result in the change in the profit sharing ratio?

विकल्प

• When one or more partners acquire an interest in the business from another partner or partners

• When a partner is admitted in the firm.

• When a partner goes on a vacation.

• When a partner dies.

Answer 1

When a partner goes on a vacation.

Explanation:

Because a partner does not retire from the firm when he takes a vacation, the profit-sharing ratio does not alter.