Question : Which of the following does not result in consideration of a firm?
Option 1: Dissolution of partnership firm
Option 2: Dissolution of partnership
Option 3: Change in profit sharing ratio of existing partners
Option 4: Death of partners
Correct Answer: Dissolution of partnership firm
Solution : Answer = Dissolution of partnership firm
The dissolution of a partnership firm involves the complete termination of its operations and legal existence. This event results in the cessation of all business activities and the liquidation of assets and liabilities. In contrast, other events such as changes in profit-sharing ratios or the death of partners may affect the firm's operations but do not lead to its dissolution.
Hence, the correct option is 1.
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