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Question

At the time of retirement, if there are accumulated profits or losses, they should be transferred to the capital accounts of all partners in their ___


A

None of the above

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B

Old Ratio

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C

Gaining Ratio

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D

Sacrificing ratio

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Solution

The correct option is B

Old Ratio


At the time of retirement, if there are accumulated profits or losses, they should be transferred to the capital accounts of all partners in their Old ratio.


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