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RP
Question Practice

If Champak dies and the remaining partners wish to share profits equally, how do they adjust their ratios?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

If Champak dies and the remain...

Single Answer MCQ
Q-00082329

If Champak dies and the remaining partners wish to share profits equally, how do they adjust their ratios?

1

They do not need to adjust anything

2

They will calculate the average of past shares

3

They must fully recalculate the profit-sharing ratio

4

They simply divide the deceased share between themselves

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