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Question Practice

What happens to the gaining ratio if partners decide to share profits differently after one 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

What happens to the gaining ra...

Single Answer MCQ
Q-00082239

What happens to the gaining ratio if partners decide to share profits differently after one retires?

1

It stays the same as before.

2

It will depend on the shares acquired.

3

It automatically becomes equal among remaining partners.

4

It is not affected by profit-sharing changes.

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Q4.

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