A B and C are partners sharing profits
A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. C retired, New Profit sharing ratio will be
a) 1 : 3
b) 3 : 2
c) 1 : 1
d) None of these
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Ans – b)
Solution:-
In the absence of any further information, the remaining partners new profit sharing ratio will be ratio of profit in which they share the profit.
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