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easyMCQCUET Accountancy 2022 15 July Shift 22026Accountancy
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A, B and C are partners sharing profits in the ratio of . If B retires, then the new profit sharing ratio between A and C will be:

  1. A
    2:1
  2. B
    3:1
  3. C
    2:3
  4. D
    1:1

Solution & Step-by-step Explanation

The old ratio is .When B retires and no further details are specified, the remaining partners continue to share profits in their relative old ratio.Striking out B's share leaves for A and C.

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A, B and C are partners sharing profits in the ratio of . If B retires, then the new profit sharing ratio between A and C will be:
A
2:1
B
3:1
C
2:3
D
1:1

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