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RP
Question Practice

How is the new profit-sharing ratio determined after a partner retires?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

How is the new profit-sharing ...

Single Answer MCQ
Q-00082207

How is the new profit-sharing ratio determined after a partner retires?

1

It remains the same as before.

2

It’s based solely on the retiring partner's capital.

3

It's based on the ownership percentage of remaining partners.

4

It's assumed to be equal among remaining partners.

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Q4.

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