Question

Profit share gained by each continuing partner on the death of a partner is ______.

विकल्प

• Old Profit Share − New Profit Share.

• Old Profit Share + New Profit Share.

• New Profit Share + Old Profit Share.

• New Profit Share − Old Profit Share.

Answer 1

Profit share gained by each continuing partner on the death of a partner is New Profit Share − Old Profit Share.

Explanation:

When a partner dies, their share is given to the remaining partners. To find out how much a continuing partner gained (Gaining Ratio), you subtract their old profit share from their new, increased profit share.