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If old partners give profit share to the new partner in old ratio, in which ratio will premium be distributed?

Answer and explanation

Correct answer: In old ratio

When sacrifice is in old ratio, sacrificing ratio is also the old ratio. So premium will be distributed in old ratio.

Related tags

Old RatioSacrificing RatioPremiumGoodwill AccountingReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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