A, Band Care equal partners in a firm. B retires and the remaining partners decide to share profits of the new firm in the ratio of 5:4. Gaining ratio will be:
A. 2:1
B. 1:2
C. 4:5
D. 5:4
Answer:A
A, Band Care equal partners in a firm. B retires and the remaining partners decide to share profits of the new firm in the ratio of 5:4. Gaining ratio will be:
A. 2:1 B. 1:2 C. 4:5 D. 5:4