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If sacrificing ratio is not given and old partners share the remaining profit in old ratio what will be the sacrificing ratio?

Answer and explanation

Correct answer: Same as old profit-sharing ratio

When old partners share the remaining profit in old ratio their sacrifice is also in old ratio. Apply this rule directly.

Related tags

Sacrificing RatioOld RatioRuleGoodwill AccountingReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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