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On the retirement of a partner how is the profit-sharing ratio of remaining partners decided?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Profit sharing ratio of remaining partners is decided according to the mutual agreement among the remaining partners.







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Previous PostCan a retiring partner or Legal Representatives of a Deceased Partner claim a share in the subsequent profits of the firm.
Next PostAt the time of retirement of a partner, state the condition when there is no need to compute the gaining ratio.

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