In the absence of any information regarding the acquisition of share in profit of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his/her share in:
- AGaining ratio
- BEqual Ratio
- CNew Profit Sharing Ratio
- DOld Profit Sharing Ratio
Solution & Step-by-step Explanation
In the absence of specific agreements or information, the remaining partners acquire the share of the retiring or deceased partner in their existing relative old profit-sharing ratio. Therefore, their gaining ratio and relative profit-sharing proportions remain unchanged.