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On retirement/death of a partner, the re...

On retirement/death of a partner, the remaining partner(s) who have gained due to change in profit sharing ratio should compensate the
1)retiring partners only.
2) remaining partners (who have sacrificed) as well as retiring partners.
3) remaining partners only (who have sacrificed).
4)none of these.

A

retiring partners only.

B

remaining partners (who have sacrificed) as well as retiring partners.

C

remaining partners only (who have sacrificed).

D

none of these.

Text Solution

Verified by Experts

The correct Answer is:
B
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