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A, B and C share profits and losses of t...

A, B and C share profits and losses of the firm equally. B retires from business and his share is purchased by A anc C in the ratio of `2:3`. New profit sharing ratio between A and C respectively would be:

A

`1:1`

B

`2:3`

C

7:8`

D

`3:5`

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The correct Answer is:
C
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DK GOEL-RETIREMENT OR DEATH OF A PARTNER-Multiple Choice Questions
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  2. P, Q and R have been sharing profits and losses in the ratio of 5:3:2....

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  3. A, B and C share profits and losses of the firm equally. B retires fro...

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  4. P, Q and R have been sharing profits in the ratio of 8:5:3. P retire...

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  5. A, B and C are equal partners. C retires. He surrenders 3//5th of his ...

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  6. P, Q and R partners sharing profits in the ratio of 4:3:2. Q retires a...

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  7. L, P and G are three partners sharing profit in the ratio 15:9:8. G Re...

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  8. On 1st April, 2019 A , B and C were partners sharing profits and losse...

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  9. B, P and L sharing profits in the ratio 4:3:2. B retires, P and L deci...

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  10. P, Q and R were partners sharing profits in the ratio 2:2:1. Q retires...

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  11. A, B and C are equal partners in a firm. B retires and the remaining p...

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  12. A, B and c are partners sharing profit of loss in the ratio of 3:2:1. ...

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  13. A, B and C are partners sharing profit or loss in the ratio of 4:3:2. ...

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  14. A, B and C are partners sharing profit or loss in the ratio of 2:3:4. ...

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  15. A, B and C were partners in a firm sharing profits and losses in the r...

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  16. P, Q and R sharing profits and losses equally. R retires and the goodw...

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  17. Ram, Krishna and Ganesh were sharing profits and losses in the ratio o...

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  18. A, B and C are partners with profit sharing ratio 4:3:2. B retires an...

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  19. A, B and C are sharing profits in the ratio of 3:2:1. B retires and on...

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  20. P, Q and R share profits in the ratio of 5:4:3. R retires and the new ...

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