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If the sum of new shares of remaining partners is less than one what is the most correct conclusion?

Answer and explanation

Correct answer: There is a calculation error

After retirement or death the whole future profit must be shared by remaining partners only. So new shares must add to one.

Related tags

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

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