Question

if any partner is retired then what will we do with its profit sharing ratio ??​

Answer 1

bro first of all it's ratio either share between existing patner or new ratio come

for ex - x:y:z - 1:2:3 and if y died or retire then y share will be distributed between x and z in agreed ratio or new ratio simply made i.e x:z - 1:3

and Second one is his share of profit transfer to his loan account or paid out in cash by existing patners