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State Whether the following Statement is True or False: Unless otherwise stated, the ratio of sacrifice is equal to old profit sharing ratio.

State Whether the following Statement is True or False:

Unless otherwise stated, the ratio of sacrifice is equal to old profit sharing ratio.

True or False

The statement is true.

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Chapter 3: Admission of a Partner - OBJECTIVE TYPE QUESTIONS [Page 3.185]

Chapter 3 Admission of a Partner
OBJECTIVE TYPE QUESTIONS | Q (B) 13. | Page 3.185

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