CUET Preparation Today
On retirement or death of a partner, the remaining partners who have gained due to change in the profit sharing ratio should compensate the: |
Remaining partners (who have sacrificed) as well as retiring partners Remaining partners only (who have sacrificed) Retiring partners only None of the partners |
Remaining partners (who have sacrificed) as well as retiring partners |
The correct answer is Option (1) → Remaining partners (who have sacrificed) as well as retiring partners |
