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easyMCQCUET Accountancy 2025 24 May Shift 12026Accountancy
1 mark

In the absence of any information, it is assumed that the remaining partners acquire the share of profit of the retiring/deceased partner in:

  1. A
    New Profit Sharing Ratio
  2. B
    Old Profit Sharing Ratio
  3. C
    Equal Ratio
  4. D
    Capital sharing ratio

Solution & Step-by-step Explanation

When a partner leaves or passes away and no explicit acquisition ratio is given, it is legally and conceptually assumed that the continuing partners acquire that share in their mutual old profit-sharing ratio.

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In the absence of any information, it is assumed that the remaining partners acquire the share of profit of the retiring/deceased partner in:
A
New Profit Sharing Ratio
B
Old Profit Sharing Ratio
C
Equal Ratio
D
Capital sharing ratio

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PartnershipRetirement/Death

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