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A B and C share 3:5:2. C retires and A B new ratio is 2:3. Which statement is correct?

Answer and explanation

Correct answer: Both gained equally

A moved from 3/10 to 2/5 or 4/10 and B moved from 5/10 to 3/5 or 6/10. Both gained 1/10 equally.

Related tags

Equal GainNew RatioAnalysisNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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