Page 3 - ha1 death of partner
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08. Whether the death of a partner mean reconstitution of a firm?
A) Yes
B) No
C) BOTH
D) None of the above
09. X, Y , & Z are partners in a firm sharing profit & loss in the ratio of 4:3:2.
Calculate the new profit sharing ratio when x retires
(a) 3:2
(b) 4:2
(c) 4:3
(d) None of the above
10. X, Y , & Z are partners in a firm sharing profit & loss in the ratio of 4:3:2.
Calculate the new profit sharing ratio when y retires
(a) 3:2
(b) 4:2
(c) 4:3
(d) None of the above
11. X, Y , & Z are partners in a firm sharing profit & loss in the ratio of 4:3:2.
Calculate the new profit sharing ratio when Z retires
(a) 3:2
(b) 4:2
(c) 4:3
