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Give the formula for calculation of new profit sharing ratio on retirement of a partner.

+1 vote

asked Feb 12, 2019 in Class 12 by kratos

Give the formula for calculation of new profit sharing ratio on retirement of a partner.

reconstitution of partnership firm
retirement
class-12
admission of a partner

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1 Answer

+3 votes

answered Dec 25, 2020 by kratos

Best answer

New profit ratio = Old Ratio + Gain Ratio.

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