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- None of these. C share is 2/9 The gaining ratio will be 8/81:10/81 = 8:10 or 4:5 Both partners are gaining. Noone sacrifices. |