Changes can occur in partnership when:
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
Answer is C
I II and III:Changes will occur in partnership is dissolved amalgamation and changes in profit or loss sharing ratio
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