In the absence of any information regarding the acquisition of share in profit of the deceased partner by the remaining partners, an assumption is made that they will acquire his share in:-
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Old Profit Sharing Ratio
When a partner dies or retires, the remaining partners take over his share of future profits. If they have agreed how to divide it, their agreement applies. If nothing is said, they are taken to acquire it in their old profit sharing ratio, so their ratio between themselves stays the same as before. For example, if A, B and C share 3:2:1 and B dies, A and C carry on in 3:1 unless they decide otherwise.
NCERT (2026-27 edition):
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