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Cash Settlement with Retiring Partner

A, B & C are ...

Question

A, B & C are partners haring profits & losses in the ratio 3:2:1. What will be the new ratio if B retires?

A

None of the above

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B

3:2

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C

2:1

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D

3:1

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Solution

The correct option is D
3:1

B retires. New ratio shall be 3:1.

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