Accountancy, asked by pari3675, 4 months ago

M.N and O are partners sharing profit in ratio of 2:1:1. O retires, whose share is wholly taken by M. calculate new ratio and gaining ratio

Answers

Answered by Anonymous

3

Answer:

Since M is the only gaining partner, gaining ratio cannot be calculated

M's new share =2/4+1/4=3/4

New ratio(M:N) =3:1

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