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In which ratio do the remaining partners acquire the share of profit of the retiring or deceased partner? (C.B.S.E. 2017, 2018 Comptt.)

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

SOLUTION

Remaining partners acquire the share of profit of the retiring partner in Gaining ratio.







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Previous PostAt the time of retirement of a partner, state the condition when there is no need to compute the gaining ratio.
Next PostRamesh wants to retire from the firm. The profit on revaluation on that date Was Rs. 12,000. Mohan and Rahul want to share this in their new profit-sharing ratio 3: 2. Ramesh wants this shared equally. How is this profit to be shared?

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