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In which ratio do the remaining partners acquire the share of profit of the retiring partner? (Delhi 2018 C)

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

SOLUTION

The remaining partners acquire the share of profit of retiring partner in their gaining ratio.



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Previous PostAt the time of retirement, how is the new profit-sharing ratio among the remaining partners calculated? (CBSE 2019 C)
Next PostWhy does a firm revaluate its assets and reassess its liabilities on retirement or death of a partner? (Foreign 2014)

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