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In which situation can the continuing partners new ratio itself become the gaining ratio?

Answer and explanation

Correct answer: When their old shares are treated as zero

In normal retirement new ratio is not automatically gaining ratio. Gaining ratio is found by comparing old and new shares.

Related tags

GoodwillNew-RatioConceptGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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