In the absence of any information regarding the acquisition of shares in profit of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his share in:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Old profit sharing ratio
When nothing is said about how the share of the retiring or deceased partner is taken over, the remaining partners are taken to acquire it in their old profit sharing ratio, so their gaining ratio is the same as their old ratio.
NCERT (2026-27 edition):
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