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If continuing partners share profits in their old ratio after retirement then what will be their gaining ratio?

Answer and explanation

Correct answer: Old ratio of continuing partners

When continuing partners continue in their old ratio their gain is also taken in that ratio. In exams check the old ratio of continuing partners.

Related tags

AccountancyGoodwillGaining RatioGoodwill SettlementReconstitution Retirement Or Death Of A PartnerClass 12 Mcq

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