WAEC Accounting 2018 Objective — Question 39
Question 39 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
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An event will not require a change in the profit–sharing ratio of partners in a firm when a partner
- A. dies
- B. retires
- C. a new partner is admitted
- D. partners value appreciatesCorrect
Explanation
A mere appreciation in the value of the partnership's assets does not, by itself, require a change in the agreed profit-sharing ratio.
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