Question

4. Sehwag, a partner is retired 1 point
from partnership. Will he able
to get share in future profit in
case his dues are not settled by
remaining partners.
O (a) Yes, he will get share of profit
O O
(b) No, he is entitled for Interest on
loan
0 (c) Either (a) or (b)
O None of above​

Answer 1

Answer:

Calculation of New profit sharing ratio and gaining ratio At the time of retirement of a partner, the business continues with the remaining partners. The ratio, in which the continuing partners decide to share the future profits and losses, is known as new profit sharing ratio.