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RP
Question Practice

In the absence of an agreement, how is the share of a retiring partner typically distributed among remaining partners?

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

In the absence of an agreement...

Single Answer MCQ
Q-00082210

In the absence of an agreement, how is the share of a retiring partner typically distributed among remaining partners?

1

Equal share among partners.

2

In their existing profit sharing ratio.

3

In a new ratio computed each time.

4

Not distributed at all.

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Q1.

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Q3.

How will you compute the amount payable to a deceased partner?

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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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