Accountancy Part AReconstitution of Partnership Firm: Retirement and Death

In the absence of any information regarding the acquisition of share…

In the absence of any information regarding the acquisition of share in the profit of the retiring or deceased partner by the remaining partners, it is assumed that they will acquire his or her share in the:

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → Old Profit Sharing Ratio

NCERT (2026-27 edition):
Test your Understanding – I

Extract from the NCERT textbook

NCERT (2026-27 edition):
Checklist to Test your Understanding

Extract from the NCERT textbook