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Answer in one sentence only: What is New Profit Sharing Ratio? -

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प्रश्न

Answer in one sentence only:

What is New Profit Sharing Ratio?

एक पंक्ति में उत्तर

उत्तर

The ratio in which profits and losses are shared by the continuing partners after retirement or death of a partner is called a new profit sharing ratio.

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Reconstitution of Partnership (Death of Partner)
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