Question

when the remaining partners take profit share of the retiring partner in an agreed ratio ?????

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Answer 1

Answer:

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Explanation:

Gaining ratio is calculated at the time of retirement or death of a partner. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit.

Answer 2

Answer:

Gaining ratio is calculated at the time of retirement or death of a partner. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit.

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