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Question
On the death of a partner, a ratio in which the continuing partners get more share of profits in future is called as _________ ratio.
Fill in the Blanks
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Solution
On the death of a partner, a ratio in which the continuing partners get more share of profits in the future is called as Gain ratio.
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Chapter 5: Reconstitution of Partnership (Death of Partner) - Exercise 5.1 (Objective Questions) [Page 201]
