On death of a partner, the remaining partner(s) who have gained due to change in profit-sharing ratio should compensate the:
A. Deceased partner
B. Remaning partners (who have sacrificed) as well as decreased partner
C. Remaining partners (who have sacrificed)
D. None of these
Answer:A
On death of a partner, the remaining partner(s) who have gained due to change in profit-sharing ratio should compensate the:
A. Deceased partner B. Remaning partners (who have sacrificed) as well as decreased partner C. Remaining partners (who have sacrificed) D. None of these