Question

alpha beta and gamma are partners in 3:2:1ratio beta retired calculate the new profit share ratio
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Answer 1

Answer:

In this situation, we calculate the new profit sharing ratio of the remaining partners by simply removing the retiring partner's share.

Gaining Ratio = New Ratio – Old Ratio.

New Ratio = Old Ratio + Gain.

Gaining Ratio = Retiring partner's share x Acquisition Ratio.

New Ratio = Old Ratio + Gaining Ratio.

Explanation:

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