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Question
Complete the following sentence.
______ is a ratio in which all partners along with fresh or incoming partners, will distribute future profit and loss of the business.
Options
Adjusted ratio
New profit-sharing ratio
Old profit-sharing ratio
None of these
MCQ
Fill in the Blanks
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Solution
A new profit-sharing ratio is a ratio in which all partners along with fresh or incoming partners, will distribute future profit and loss of the business.
Explanation:
A new profit-sharing ratio is one in which all partners, including new or incoming partners, share future business profit and loss.
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