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Question
A, B and C are partners sharing profits in the ratio of 6 : 5 : 4. Calculate new profit sharing ratios if C retires.
Numerical
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Solution
If C Retires
Old ratio of A : B = 6 : 5
New profit-sharing ratio = 6 : 5
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Chapter 4: Retirement or Death of a Partner - PRACTICAL QUESTIONS [Page 4.102]
