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RP
Question Practice

What is the new profit sharing ratio after one partner retires and the remaining partners decide to continue in the same ratio?

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 is the new profit sharing...

Single Answer MCQ
Q-00082220

What is the new profit sharing ratio after one partner retires and the remaining partners decide to continue in the same ratio?

1

Same as old ratio

2

Equal distribution

3

50:50

4

New negotiated ratio

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Q1.

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

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Q2.

Explain the treatment of goodwill at the time of retirement or on the event of death of a partner.

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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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