In the absence of any information regarding the acquisition of share in profit of the retiring/ deceased partner by the remaining partners, it is assumed that they will acquire his/her share in:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Old Profit Sharing Ratio
Unless the partners agree otherwise, the continuing partners take the outgoing partner's share in their old profit sharing ratio, so their ratio among themselves does not change.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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