Practicing Success
A, B & C are partners in a partnership firm sharing profits in the ratio of 4:3:2. C retires from the business. A acquired 4/9 of C's share and the balance is acquired by B. |
Which partner sacrifice on C's retirement? |
A B Both A & C None of these |
None of these |
The correct answer is option 4 i.e. None of these C share is 2/9 Both partners are gaining. Noone is sacrifices. |