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After retirement if there is no new agreement in which ratio do remaining partners share profits?

Answer and explanation

Correct answer: In their old ratio

If there is no new agreement remaining partners share in their old ratio. In exams remove the retiring partner share and check.

Related tags

No AgreementNew RatioRetirementNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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