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What are partners called when their share of profit increases after another partner retires?

Answer and explanation

Correct answer: Gaining partners

When a partner retires, the continuing partners may receive a larger share of future profits. Those whose shares increase are called gaining partners.

Related tags

Gaining PartnersRetirementProfit SharingGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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