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If no new ratio is given which assumption is most appropriate for goodwill burden?

Answer and explanation

Correct answer: Continuing partners gain in their old mutual ratio

When new ratio is not given the old mutual ratio is assumed to continue. Goodwill burden can be divided on that basis.

Related tags

GoodwillNo-New-RatioAssumptionGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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