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RP
Question Practice

How is the profit-sharing ratio recalculated after a partner's retirement?

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 profit-sharing rati...

Single Answer MCQ
Q-00082283

How is the profit-sharing ratio recalculated after a partner's retirement?

1

It remains unchanged

2

Based on partners' capital contributions

3

By adjusting old ratios

4

Set equally among remaining partners

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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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