CUET Preparation Today
In the absence of any information regarding acquisition of share of the retiring partner by the remaining partners, it is assumed that the share will be acquired in the.............. |
Old Profit Sharing Ratio New Profit Sharing Ratio Capital Ratio of remaining partners None of the Above |
Old Profit Sharing Ratio |
The correct answer is option 1- Old Profit Sharing Ratio. In the absence of any information regarding profit sharing ratio in which the remaining partners acquire the share of retiring/deceased partner, it is assumed that they will acquire it in the old profit sharing ratio. |
