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At the time of retirement, how is the new profit-sharing ratio among the remaining partners calculated? (CBSE 2019 C)

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

SOLUTION

Profit-sharing ratio of the remaining partners is decided as per the mutual agreement among the remaining partners.



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Previous PostP, Q and R were partners in a firm. On 31st March, 2018 R retired. The amount payable to R Rs. 2,17,000 was transferred to his loan account. R agreed to receive interest on this amount as per the provisions of Partnership Act, 1932. State the rate at which interest will be paid to R. (CBSE 2019)
Next PostIn which ratio do the remaining partners acquire the share of profit of the retiring partner? (Delhi 2018 C)

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