X, Y and Z were partners sharing profits in the ratio of 5:4:1 . X retires from the firm. The new
profit sharing ratio will be . :
a) 3:1 b)4:1 c)2:1 d) None of these .
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Answer:
if no information is mentioned then
profit sharing ratio is 4:1
option (b) is correct
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Answer:B) . 4:
Explanation:
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