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If a continuing partner new share becomes less than his old share then what is he called?

Answer and explanation

Correct answer: Sacrificing partner

When the new share decreases the partner does not gain but sacrifices. In exams if new share minus old share is negative treat it as sacrifice.

Related tags

AccountancySacrificing PartnerGoodwillGoodwill SettlementReconstitution Retirement Or Death Of A PartnerClass 12 Mcq

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