The correct answer is option 4- None of these.
The dissolution of a partnership can take place in any of the following ways: *Change in existing profit sharing ratio among partners. *Admission of a new partner. *Retirement of a partner. *Death of a partner. *Insolvency of a partner. *Completion of the venture, if the partnership is formed for that purpose. *Expiry of the period of partnership, if the partnership is for a specific period of time. |