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If continuing partners acquire retiring partner share in their old mutual ratio how will the new ratio be?

Answer and explanation

Correct answer: Same as old mutual ratio of continuing partners

When share is acquired in old mutual ratio the mutual relation of continuing partners does not change. So new ratio remains the same.

Related tags

Old Mutual RatioNew RatioPrincipleNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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