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If the continuing partners acquire a retiring partner’s share equally, what is their gaining ratio?

Answer and explanation

Correct answer: Equal ratio

The gaining ratio compares how much each continuing partner gains. If they acquire equal portions of the retiring partner’s share, their gains are equal, so the gaining ratio is equal.

Related tags

Gaining RatioEqual GainRetirementNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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