P, Q and R are partners sharing profits in the ratio of 4:3:1
Question 4. P retires and his share is taken by Q and R equally. Calculate the new profit sharing ratio of Q and R ………………… (a) 1:1 (b) 4:3 (c) 3:4 (d) 5:3 Answer: (d) 5:3 In case of death […]
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