Changes can occur in partnership when:
i. Pa...
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 increased
I, II and IV
I & III
I, II and III
I, III and IV
Correct answer is C
I, II and III: Changes will occur in partnership is dissolved amalgamation and changes in profit or loss sharing
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\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...