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Identity the ratio in which the remaining partners will share future profits after the retirement or death of any partner?
Question

Identity the ratio in which the remaining partners will share future profits after the retirement or death of any partner?

A.

Old Profit-Sharing Ratio

B.

New Proft Sharing Ratio

C.

Gaining Ratio

D.

Sacrificing Ratio

Correct option is B

After the retirement or death of a partner, the remaining partners share future profits in the new profit-sharing ratio.

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