In case there is no information regarding the acquisition of a share in profit of the retiring/deceased partner by the remaining partners, the assumption is that they will acquire his/her share in the:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Old profit sharing ratio
When nothing is said about how the retiring or deceased partner’s share is taken over, the continuing partners are taken to acquire it in their old profit sharing ratio, so their future ratio among themselves stays the same as before.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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