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If total new share of remaining partners comes less than 1 what does it indicate?

Answer and explanation

Correct answer: There is an error in calculation

After retirement or death the whole future profit must be shared by remaining partners. So total new share should be 1.

Related tags

Total New ShareError CheckConceptNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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