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Why there is need to calculate New profit share ratio
  • a)
    After retirement of a partner, there is no change in the continuing partners’ ratio.
  • b)
    After retirement of a partner, there will be change in the continuing partners’ ratio.
  • c)
    To settle the loan amount due to outgoing partner
  • d)
    Both After retirement of a partner, there will be change in the continuing partners’ ratio. and After retirement of a partner, there is no change in the continuing partners’ ratio.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Why there is need to calculate New profit share ratioa)After retiremen...
When a partner is retired from the firm, there will be change in the ratio of remaining partners. It is necessary to find out the new ratio of existing partners.
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Why there is need to calculate New profit share ratioa)After retiremen...
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Why there is need to calculate New profit share ratioa)After retiremen...
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Why there is need to calculate New profit share ratioa)After retirement of a partner, there is no change in the continuing partners’ ratio.b)After retirement of a partner, there will be change in the continuing partners’ ratio.c)To settle the loan amount due to outgoing partnerd)Both After retirement of a partner, there will be change in the continuing partners’ ratio. and After retirement of a partner, there is no change in the continuing partners’ ratio.Correct answer is option 'B'. Can you explain this answer?
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