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RP
Question Practice

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

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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-00082148

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

1

Old profit sharing ratio remains unchanged

2

By calculating the average of all partners' shares

3

By directly transferring the retiring partner's share

4

Through a unanimous agreement among partners

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What are the different ways in which a partner can retire from a firm?

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Q4.

Discuss the various methods of computing the share in profits in the event of death of a partner.

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