In the absence of any information regarding the acquisition of a share of 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 2
The correct answer is Option (2) → Old Profit Sharing Ratio
When a partner retires or dies, the continuing partners normally take over his share in their old profit sharing ratio, unless they agree otherwise; so, with no information given, their future ratio among themselves stays the same as before.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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