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Question

Accumulated Profits/ Losses & Reserves on the retirement of a partner is shared by the partners in their :


A

Gaining Ratio

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B

Old Profit Sharing ratio

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C

New Profit Sharing Ratio

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D

Capital Ratio

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Solution

The correct option is B

Old Profit Sharing ratio


Accumulated Profits/ Losses & Reserves on the retirement of a partner is shared by the partner in their old profit sharing ratio


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