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easyMCQCUET Accountancy 2025 14 May Shift 12026Accountancy
1 mark

In the absence of any information regarding the acquisition of share in profits of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his/her share in following:

  1. A
    Gaining Ratio
  2. B
    Old Profit Sharing Ratio
  3. C
    New Sharing Ratio
  4. D
    Equal Ratio

Solution & Step-by-step Explanation

If a partner retires or passes away and no explicit acquisition fractions are stated, the remaining partners automatically inherit the outgoing partner's profit share in their existing relative Old Profit-Sharing Ratio. Consequently, their individual gaining ratio matches their old profit-sharing proportions.

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In the absence of any information regarding the acquisition of share in profits of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his/her share in following:
A
Gaining Ratio
B
Old Profit Sharing Ratio
C
New Sharing Ratio
D
Equal Ratio

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