Accountancy Part AReconstitution of Partnership Firm: Retirement and Death

Identity the ratio in which the remaining partners will share future…

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

Answer & explanation

Correct answer: option 2

The correct answer is Option (2) → New Profit Sharing Ratio

NCERT (2026-27 edition):
New Profit Sharing Ratio – “New profit sharing ratio is the ratio in which the remaining partners will share future profits after the retirement or death of any partner.”