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If the retiring partner share is taken by continuing partners in their old ratio then the new ratio will remain same as what?

Answer and explanation

Correct answer: Old mutual ratio of continuing partners

Taking share in old ratio does not change the mutual ratio of continuing partners. So new ratio remains their old mutual ratio.

Related tags

Old Ratio AcquisitionPrincipleNew RatioNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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