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After a partner retires, why is the new profit-sharing ratio of the continuing partners needed?

Answer and explanation

Correct answer: भविष्य के लाभ और हानि बाँटने के लिए

After retirement, the continuing partners carry on the firm. Their new ratio indicates how they will share future profits and, subject to their agreement, losses.

Related tags

RetirementNew Ratio PurposeNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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