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A B C share profits in 5:6:4. C retires and A B's new ratio is 2:3. Which partner sacrifices?

Answer and explanation

Correct answer: A

A's share rises from five fifteenth to two fifth which is six fifteenth. So A does not sacrifice. B also gains.

Related tags

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

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