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A,B and C are the partners sharing prof...

A,B and C are the partners sharing profits in the ratio `3 : 2 : 1`,C retires . If A and B purchase the share of retiring partner equally , what will be new profit - sharing ratio ?

A

`1 : 3`

B

`3 : 2`

C

`1 : 1`

D

None of these

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The correct Answer is:
B
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TS GREWAL-COLLAGE OF OBJECTIVE TYPE/MULTIPLE CHOICE QUESTIONS (MCQS)-Multiple choice question
  1. Gaining Ratio is

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  2. A, B and C are partner sharing profits in the ratio 4 : 5 : 3 , C ret...

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  3. A,B and C are the partners sharing profits in the ratio 3 : 2 : 1,C r...

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  4. A,B and C are the partners sharing profits in the ratio 3 : 2 : 1,C r...

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  5. A,B and C are the partners sharing profits in the ratio 3 : 2 : 1,C r...

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  6. A, B and C are three parnters in the firm, sharing in the ratio 2 : 2 ...

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  7. A, B and C are partners, sharing profits and losses in 3 : 2 : 1, B di...

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  8. A, B and C are partners, B retires from the firm, on the date of his r...

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  9. A, B and C are three partners, B retires from the firm, on the date of...

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  10. Claim of the retiring partner is payable in the following form

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  11. A, B and C are partners sharing profit and losses in the ratio of 2 : ...

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  12. A, B and C are partners in the firm, sharing profits in the ratio of 2...

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  13. X, Y and Z are partners, sharing profits in the ratio of 2 : 2 : 1, Y ...

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  14. Retiring partner is compensated by the continuing partners in their

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  15. Accumulated profits on the retirement of a partner are

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  16. Partner's Capital Account is debited

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  17. At the time of retirement of a partner, gain (profit) on revaluation i...

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  18. As per Section 37 of the Indian Partnership Act, 1932, the executors w...

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  19. Which of the following is not the mode of dissolution of the firm ?

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  20. At the time of dissolution of firm, Loan given by partner to the firm ...

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