MCQOPTIONS
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| 1. |
in case of death of a partner, the amount of jlp received by the firm will be distributed |
| A. | To all the partners as per their old profit |
| B. | To the continuing partners as per their new profit sharing ratio |
| C. | To the continuing partners as per their ratio |
| D. | To the continuing partners as per their gaining ratio |
| Answer» B. To the continuing partners as per their new profit sharing ratio | |