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A B C share profits in 6:3:1. B retires. A and C's new ratio is 3:2. What is C's gain?

Answer and explanation

Correct answer: Three tenth

C's old share is one tenth and new share is four tenth so gain is three tenth. Do not look only at the retiring partner's share.

Related tags

Goodwill-SettlementGaining-RatioNumericalGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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