Partnership Accounting - New Profit Sharing Ratio for share of Outgoing Partner

Arinjay Jain Academy 2015-07-10

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Partnership Accounting - Computing Profit sharing ratio when one partner takes entire share of outgoing Partner

P, Q and R are partner sharing profits in the ratio of 3: 2: 1. P retires and his share is taken by Q. Calculate the new profit sharing ratio of P and R.
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