. In case of retirement or death of a partner all accumulated profit and losses are transferred in capital account of parteners in the
(1) New profit sharing ratio
(2) Old profit sharing ratio
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(3) Capital ratio
(4) None of the three
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1.new profit sharing ratio
On the death or retirement of a partner, the partnership firm will be reconstituted. One major change will be the change in the profit sharing ratios of the remaining partners. how the gaining ratio and sacrificing ratio calculated
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