Changes in the profit sharing ratio may occur as a result of I. skill contributed by partners II. health status III. old age IV. Intangible asset increase

Assessment: JAMB UTME - Principles of Accounts - 2023 Subject: Financial Accounting

Question 1 Report

Changes in the profit sharing ratio may occur as a result of

I. skill contributed by partners
II. health status
III. old age
IV. Intangible asset increase
Answer Details
Change in profit sharing ratio may occur as a result of the following:
- changes in skill contributed by partners
- ill health
- old age

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